Two months ago, the entry of a steel company from China as a white knight to rescue beleaguered Perwaja Holdings Bhd was uncertain because of Tan Sri Abu Sahid Mohamed.
The man, tasked by the Government to manage Perwaja in the late 1990s, did not give a definite go-ahead nor was he averse to the entry of China’s Tianjin Zhiyuan Investment Group Co Ltd into the loss-making Perwaja.
But now, Abu Sahid is agreeable to Tianjin Zhiyuan’s proposed RM1.8bil plan to revitalise Perwaja.
In May, Abu Sahid, a major shareholder of Perwaja together with Kinsteel Bhd, was not sure if the deal would go through because both parties had just signed a memorandum of understanding.
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The man, tasked by the Government to manage Perwaja in the late 1990s, did not give a definite go-ahead nor was he averse to the entry of China’s Tianjin Zhiyuan Investment Group Co Ltd into the loss-making Perwaja.
But now, Abu Sahid is agreeable to Tianjin Zhiyuan’s proposed RM1.8bil plan to revitalise Perwaja.
In May, Abu Sahid, a major shareholder of Perwaja together with Kinsteel Bhd, was not sure if the deal would go through because both parties had just signed a memorandum of understanding.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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