A steel company from China is taking another step closer to being a white knight for beleaguered Perwaja Holdings Bhd.
Perwaja, which is a Practice Note 17-classified company due to its financial shortcomings, and China’s Tianjin Zhiyuan Investment Group Co Ltd will sign a conditional master framework agreement today to “revive and transform” the Kemaman plant.
The signing of the agreement would follow an earlier memorandum of understanding (MoU) on May 8 that was not attended by Perwaja’s major shareholder Tan Sri Abu Sahid Mohamed.
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Perwaja, which is a Practice Note 17-classified company due to its financial shortcomings, and China’s Tianjin Zhiyuan Investment Group Co Ltd will sign a conditional master framework agreement today to “revive and transform” the Kemaman plant.
The signing of the agreement would follow an earlier memorandum of understanding (MoU) on May 8 that was not attended by Perwaja’s major shareholder Tan Sri Abu Sahid Mohamed.
Click Here To Register For Free Trial Services 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 Feel Free To Mail Us at : info@epicresearch.my
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