MASTEEL to buy 51% stake in Anpec Global for RM 12 million

• Masteel agreed to buy 51% of Anpec Global for RM 12 million, diversifying into high-voltage power infrastructure contracting.
• Consideration includes RM 3 million cash, RM 9 million in 45,000,000 new Masteel shares priced at RM 0.20 each.
• Anpec is an EPCC contractor focused on substations and industrial electrical systems, with about RM 108.3 million of secured projects.
• The vendor, Abd Rasid Bin Mohamed Salleh, will retain 49% of Anpec, receive the new shares, and become a substantial Masteel shareholder.
• Completion is targeted for Q1 2027, subject to required approvals including listing of the new shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MASTEEL - Malaysia Steel Works (KL) Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3714057) on October 12, 2026, and is solely responsible for the information contained therein.