<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 30): Malaysia Steel Works (KL) Bhd witnessed 4.12 million shares or 1.8% stake crossed off market today for RM3.3 million.</p></div>

<div class=newsTextDataWrapInner><p>According to Bloomberg data, a single block of shares in the manufacturer of steel products changed hands via direct business transaction at 3.21pm today.</p></div>

<div class=newsTextDataWrapInner><p>The block of shares was transacted at 80 sen per share, 5.5 sen or 6.4% below its trading share price of 85.5 sen at the time of the transaction. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>A filing with Bursa Malaysia showed that Masteel’s single largest shareholder is its managing director and chief executive officer, Datuk Seri Tai Hean Leng.</p></div>

<div class=newsTextDataWrapInner><p>As at Aug 15, Tai has a direct interest of 1.81% or 4.12 million shares in Masteel and an indirect interest of 32.23% via TYY Resources Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Masteel shares fell to a one-and-a-half-year low of 80 sen on Dec 24, before rebounding to its current level.</p></div>

<div class=newsTextDataWrapInner><p>It closed 5.5 sen or 6.51% higher at 90 sen today, giving it a market capitalisation of RM201.25 million.</p></div>


KUALA LUMPUR (Dec 30): Malaysia Steel Works (KL) Bhd witnessed 4.12 million shares or 1.8% stake crossed off market today for RM3.3 million.

According to Bloomberg data, a single block of shares in the manufacturer of steel products changed hands via direct business transaction at 3.21p...

1.8% of Malaysia Steel Works shares cross off market

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