Posted on 17 Mar 2026
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.
It subscribed to the block at 16.88 apiece, or RM25 million in total, under Leform’s private placement exercise of up to 10% of its share base. 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.
NST Trading formalised the investment via a subscription agreement on March 6, which Leform managing director Law Kok Thye then noted created potential synergies that may enhance the company’s supply chain resilience and market reach.
Leform specialises in steel pipes and flat steel products, while Nippon Steel is one of the world’s largest steelmakers.
Leform’s substantial shareholders also comprises its largest shareholder Law, who owns a 18.514% direct stake and 46.762% indirect stake via Tianwen Holdings Sdn Bhd.
Shares in Leform ended unchanged at 17 sen on Monday, valuing the company at RM251.77 million.
Source:The Edge
