Posted on 01 Jan 2016
The land, which houses a three-and-a-half storey detached factory building will be purchased from Tatt Giap Group Bhd (TGGB) and its subsidiary Tatt Giap Steel Centre Sdn Bhd (TGSC).
“The purchase, expected to be completed by May 2016, will be funded by CSCM's internal funds,” CSC Steel said in a filing to Bursa Malaysia today.
It added that part of the purchase price, amounting to RM21 mil, would be used to repay trade debts owing by TGSC to CSCM.
