Acquiring Company
Clifford Hii
Acquired Company
Asteel Group Bhd
Newport News
BintuluInformation TechnologyCyber SecurityDefense & SpaceManufacturingConstructionDescription
Clifford Hii has made a mandatory takeover offer for Asteel Group Bhd. The offer is valued at RM18 million for a 53% stake, requiring him to extend the offer to minority shareholders.
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Based on deal dataFrequently asked
Who acquired Asteel Group Bhd?
Asteel Group Bhd was acquired by Clifford Hii, based in Newport News. The deal was reported on August 24, 2026. Clifford Hii is a businessman seeking control of Asteel Group Bhd. He has a background in the steel industry. The takeover offer represents a strategic move to consolidate his stake in the company. Clifford Hii is privately held and operates in Information Technology.
When did Clifford Hii acquire Asteel Group Bhd?
Clifford Hii's acquisition of Asteel Group Bhd was reported on August 24, 2026. Clifford Hii has made a mandatory takeover offer for Asteel Group Bhd. The offer is valued at RM18 million for a 53% stake, requiring him to extend the offer to minority shareholders. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Asteel Group Bhd do?
Asteel Group Bhd is a steel company listed on the Malaysian stock exchange. It specializes in producing and distributing steel products. The company is undergoing a transition in ownership. It is privately held, operating in Manufacturing, and is based in Bintulu.
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