KUALA LUMPUR (March 19): YKGI Holdings Bhd has entered into mutual confidential agreements with CSC Steel Holdings Bhd and NS BlueScope Malaysia Sdn Bhd to dispose of certain assets, confirming a recent report by The Edge Malaysia weekly.

In a bourse filing today, the company said NS BlueScope is conducting a due diligence on the proposed transaction, adding that it has not received any offer from the parties yet.

"The company will make an appropriate announcement on the same when the proposed transaction is finalised," said YKGI.

In its latest issue, The Edge reported that the company is in talks to sell its manufacturing plant in Kapar, Klang.

The publication said the 25-acre land, which houses a manufacturing plant that processes hot rolled coils, had a net book value of RM83.18 million as at end-2014.

YKGI's share price fell 1.5 sen or 3.9% to close at 37 sen, for a market capitalisation of RM130.77 million.