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Malaysian Ann Joo & Southern Steel in JV for long steel products-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
10/10/2019 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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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.
緊固件展-2020第二十一屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 21st China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2020 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2020
Fastener expo, China Fastener expo, Guangzhou Fastener expo
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