Masteel says Anpec acquisition hinges on seller meeting conditions

• Masteel's November 4, 2026, update values its proposed 51% Anpec acquisition at RM 12 million, 2.94 times attributable net assets.
• The premium reflects control of Anpec and access to its established power infrastructure business.
• Cash consideration totals RM 3 million, or 25% of the purchase price; consideration shares cover the balance.
• The vendor will retain 49% of Anpec; the consideration shares carry a 24-month moratorium.
• The acquisition will not proceed if the vendor fails to fulfill any conditions precedent.

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: 3721994) on November 04, 2026, and is solely responsible for the information contained therein.