China’s Tianjin Zhiyuan Investment Group Ltd (Zhiyuan) will inject RM1.8bil into Perwaja Holdings Bhd under a corporate exercise that will see the Chinese firm emerging as a major shareholder of the ailing steel maker.
The entry of Zhiyuan, which is a diversified group involved in chemicals, minerals construction materials and logistics, among others, forms the core of the regularisation and revitalisation scheme for Perwaja.
Units of Perwaja and Zhiyuan signed a conditional master framework agreement yesterday to formalise the parties’ intention and understanding in relation to the corporate exercise.
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The entry of Zhiyuan, which is a diversified group involved in chemicals, minerals construction materials and logistics, among others, forms the core of the regularisation and revitalisation scheme for Perwaja.
Units of Perwaja and Zhiyuan signed a conditional master framework agreement yesterday to formalise the parties’ intention and understanding in relation to the corporate exercise.
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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