Mycron Steel Completes Proposed Acquisition After RM24 Million Loan Release

On 28 October, Mycron Steel Berhad announced that its proposed acquisition was deemed completed after Bangkok Bank Berhad released a RM24 million loan to the vendor’s designated account. The released amount represented 80% of the purchase consideration under the sale and purchase agreement; the RM24 million is therefore the financing amount released, not the full transaction price. The completion provides a current example of financing arrangements supporting corporate acquisitions in Malaysia. Investors, corporate-finance advisers and business owners can explore opportunities in transaction modelling, due diligence and financial data analysis. HPC can support secure financial analytics and data-processing systems; contact HPC for a quotation based on your project requirements.

If you are interested to enquire further, please fill in the form below with your details and one of our consultants will contact you shortly.