KUALA LUMPUR (March 16): Japan’s Nippon Steel has completed its RM25 million investment in Leform Bhd for a 9.091% stake in the ACE Market-listed steel products maker. Nippon Steel’s NST Trading Malaysia Sdn Bhd emerged as a substantial shareholder after acquiring 148.1 million shares in Leform via a private placement exercise, according to a bourse filing on Monday. Against its now enlarged share base, the 148.1 million shares represent a 9.091% stake. Proceeds from the private placement have been earmarked for the purchase of raw materials. Leform specialises in steel pipes and flat steel products, while Nippon Steel is one of the world’s largest steelmakers.

Source: The Edge Markets March 16, 2026 15:29 UTC