Hanwa Co., LTD.

News Release : 2012

News

Equity Investment in Tatt Giap Steel Center BHD(TGSC)

Hanwa signed a contract with Tatt Giap Group on November 9, 2012 that we will acquire 15% of Tatt Giap Steel Center BHD’ shares which is 100% owned by them.
The company profile of TGSC and details of our investment are as follows.

Profile of TGSC

Address Plot 33, Jalan Perusahaan Bukit Minyak, Bukit Minyak Industrial Park, 14000 Bukit Mertajam, Penang, Malaysia 
Establishment 1994
Capital  RM 40million(approx J.yen 1,028million)
Business  Steel processing center
Processing capacity 10,000tons per month 
Turnover  RM206.01million (approx J.Yen5,294million)
Profit after tax  RM15.31million(approx J.Yen393million)

Investment

Ratio 15% of TGSC’ issued shares
Amount of investment  RM6million

Ratio of ownership

Tatt Giap Group BHD

51%

CSC Steel Holdings BHD 20%
CSGT Inbernational Corp 14%
Hanwa Co.,Ltd 15%

Purpose of investment

Aiming at auto/electric appliances/electronics industries in Malaysia to sell Japanese steels and products produced by Nippon EGalv Steel.

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