SSTEEL
Southern Steel Berhad
Company Background
Major overhang removed for Malaysian #Steel industry? Contrast with most building material prices that has risen substantially over the recent years.
Just on-top of my head, $MASTEEL / 5098 (MALAYSIA STEEL WORKS (KL) BHD), $HIAPTEK / 5072 (HIAP TECK VENTURE BERHAD), $SSTEEL / 5665 (SOUTHERN STEEL BERHAD) and $LEONFB / 5232 (LEON FUAT BERHAD) has growth and/or special-situation factors in play.
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Notice of Person Ceasing (Section 139 of CA 2016) - HLMG CAPITAL SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - HONG LEONG MANUFACTURING GROUP SDN BHD
$SSTEEL / 5665 (SOUTHERN STEEL BERHAD)
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SU HOCK COMPANY SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' DR TAN TAT WAI
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - DATO' DR TAN TAT WAI
Quarterly rpt on consolidated results for the financial period ended 31/12/2023
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period
Changes in Director's Interest (Section 219 of CA 2016) - MR YEOH CHOON KWEE
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - HONG LEONG MANUFACTURING GROUP SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - HLMG CAPITAL SDN BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
OTHERSSouthern Steel Berhad ("SSB" or the "Company")
- Grant of Shares Pursuant to SSB's Executive Share Scheme 2022
KUALA LUMPUR: Vestland Bhd, KNM Group Bhd, Mi Technovation Bhd, Southern Steel Bhd, Sentral REIT, Westports Holdings Bhd and Samaiden Group Bhd are among the stocks to watch today.
Southern Steel Bhd expects the industry outlook to remain challenging as current global market conditions weigh on demand.
KUALA LUMPUR: Southern Steel Bhd said the industry outlook remained challenging as current global market conditions weigh on demand.
General Meetings: Outcome of Meeting
Quarterly rpt on consolidated results for the financial period ended 30/09/2023
Article Entitled: "Tycoon Quek's Hong Leong considering sale of Southern Steel stake, sources say"
$SSTEEL / 5665 (SOUTHERN STEEL BERHAD)
https://cutt.ly/8wW3ro6v
Tycoon Quek’s Hong Leong considering sale of Southern Steel stake, sources say
$SSTEEL / 5665 (SOUTHERN STEEL BERHAD)
USD 200mil => RM 944mil.
Current market cap is only less than RM 400mil. Is boss saying that the company is super undervalue? Got potential here? Today letup already but still below the valuation
(Oct 25): Hong Leong Group, a conglomerate controlled by billionaire Tan Sri Quek Leng Chan, is considering selling its majority stake in Southern Steel Bhd. and seeking a valuation of as much as US$200 million (RM944 million) for the unit, people familiar with the matter said.
The company is working with advisers on the planned divestment of its 70% stake in the Kuala Lumpur-listed arm, the people said. A deal could value Southern Steel Bhd between US$100 million to US$200 million, the people said. At the top of the range, it would be more than double the firm’s current market capitalisation of about US$76 million.
Hong Leong and its advisers have reached out to companies in the same industry as well as financial investors to gauge their interest, the people said, asking not to be identified as the information is private. Deliberations are ongoing and the Malaysian conglomerate could still hold onto its stake, they added.
Representatives for Hong Leong Group and Southern Steel didn’t respond to requests for comment.
Southern Steel was founded in 1963, and its galvanised sheet plant in Penang, north of Kuala Lumpur, started production two years later, according to its website. The company was listed on the Bursa Malaysia, then known as the Kuala Lumpur Stock Exchange, in 1993. Hong Leong, which was Southern Steel’s partner since 1981, became the largest shareholder after buying shares from others including NatSteel.
Annual Report & CG Report - 2023
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
General Meetings: Notice of Meeting
Quarterly rpt on consolidated results for the financial period ended 30/06/2023
OTHERS- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - HLMG CAPITAL SDN BHD