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Malaysian Ann Joo & Southern Steel in JV for long steel products-The 21st China(Guangzhou)Int'l Stainless Steel Industry Exhibition
10/20/2019 不锈钢展-不锈钢展会-效果最好的不锈钢展会- Stainless Steel Exhibition |
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Ann Joo Resources Bhd (AJRB) and Southern Steel Bhd (SSB) have signed a memorandum of understanding (MOU) to establish a joint venture company on October 7th, 2019.
Both AJRB and SSB are the main producers of steel long products in Malaysia. The new JV company will be a 45% associated company of SSB and 55% subsidiary of AJRB through the issuance of new ordinary shares.
This JV proposal brought the advantages from AJRB and SSB respectively to drive the business and obtain benefits in domestic and export markets and also create better competitive long steel products in South East Asia.
Both parties expected to carry out the final agreement within 90 days from the date of the MoU.
不锈钢展-2020第二十一届广州国际不锈钢工业展-效果最好的不锈钢展会-The 21st China(Guangzhou)Int''l Stainless Steel Industry Exhibition
- Stainless Steel exhibition,2020
Stainless Steel exhibition, China
Stainless Steel exhibition, Guangzhou
Stainless Steel expo,Guangzhou Stainless Steel exhibition,
2020 Stainless Steel expo, China Stainless Steel expo
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