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Masteel to acquire 51% stake in Anpec Global

PRIVATEOct 12, 2026

Acquiring Company

Malaysia Steel Works (KL) Bhd

Acquired Company

Anpec Global Corporation Sdn Bhd

Kuala LumpurManufacturing

Description

Malaysia Steel Works (KL) Bhd is acquiring a 51% stake in Anpec Global Corporation Sdn Bhd for RM12 million to enhance its power infrastructure capabilities. The acquisition will be financed through cash and the issuance of new shares. This move aims to capitalize on significant investments in the national electricity grid infrastructure. The transaction is expected to be completed by the end of 2026.

Company Information

Company

Malaysia Steel Works (KL) Bhd

Location

Kuala Lumpur, Kuala Lumpur, Malaysia

About

Malaysia Steel Works (KL) Bhd is a steel manufacturer aiming to expand into power infrastructure and data centre construction. The company focuses on leveraging its manufacturing capabilities to enhance its operational portfolio. Masteel seeks to execute larger green energy transition projects with its expertise. It is publicly traded and is known by the stock ticker KL:MASTEEL.

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Frequently asked

Who acquired Anpec Global Corporation Sdn Bhd?

Anpec Global Corporation Sdn Bhd was acquired by Malaysia Steel Works (KL) Bhd, based in Kuala Lumpur. The deal was reported on October 12, 2026. Malaysia Steel Works (KL) Bhd is a steel manufacturer aiming to expand into power infrastructure and data centre construction. Malaysia Steel Works (KL) Bhd is privately held and operates in Manufacturing.

When did Malaysia Steel Works (KL) Bhd acquire Anpec Global Corporation Sdn Bhd?

Malaysia Steel Works (KL) Bhd's acquisition of Anpec Global Corporation Sdn Bhd was reported on October 12, 2026. Malaysia Steel Works (KL) Bhd is acquiring a 51% stake in Anpec Global Corporation Sdn Bhd for RM12 million to enhance its power infrastructure capabilities. The acquisition will be financed through cash and the issuance of new shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Anpec Global Corporation Sdn Bhd do?

Anpec Global Corporation Sdn Bhd specializes in high-voltage electrical infrastructure and industrial electrical systems. The company has an outstanding order book of RM107 million from various ongoing projects. It is privately held.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.