Masteel clarifies pricing basis for RM 12 million acquisition of 51% stake in Anpec

• Masteel's November 11, 2026 update values its proposed acquisition of a 51% stake in Anpec at RM 12 million.
• The implied price-to-book multiple of 2.94 times is approximately 28% below the selected peer average of 4.11 times.
• Cash consideration totals RM 3 million, or 25% of the purchase price, with the balance payable in Consideration Shares.
• The vendor will retain a 49% Anpec stake; the Consideration Shares will carry a 24-month moratorium.
• The RM 0.20 issue price per Consideration Share represents an 8.11% premium to Masteel's last trading price of RM 0.185.

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: 3723564) on November 11, 2026, and is solely responsible for the information contained therein.