KUALA LUMPUR: ANN JOO RESOURCES BHD [] is looking to expand its operations regionally which could involve either a merger or acquisition (M&A) of a smaller steel rolling mill.
Its group managing director Datuk Lim Hong Thye said on Thursday, May 26 the companu was looking to gain a foothold overseas and there was a plan to have a M&A with a smaller stell mill with capacity if 100 million to 300 million tonnes a year.
He said the mill would probably in Southeast Asia but the M&A would be over a 10-year period.
Its group managing director Datuk Lim Hong Thye said on Thursday, May 26 the companu was looking to gain a foothold overseas and there was a plan to have a M&A with a smaller stell mill with capacity if 100 million to 300 million tonnes a year.
He said the mill would probably in Southeast Asia but the M&A would be over a 10-year period.
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