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Hii Capital acquires 52.94% stake in ASteel

PRIVATESep 24, 2026about 2 hours ago

Acquiring Company

Hii Capital Holdings Sdn Bhd

Acquired Company

Asteel Group Bhd

Kuala LumpurBintuluFinancial ServicesVenture CapitalAngel InvestmentManufacturingConstruction

Description

Hii Capital Holdings Sdn Bhd has completed the acquisition of 52.94% of Asteel Group Bhd by purchasing 270 million shares at 7.5 sen each. This mandatory takeover offer is now subject to shareholder review, with independent advisors recommending rejection of the offer due to its undervalued nature. Hii Capital seeks to maintain ASteel's listing on Bursa Malaysia.

Company Information

Company

Hii Capital Holdings Sdn Bhd

Location

Kuala Lumpur, Kuala Lumpur, Malaysia

About

Hii Capital Holdings Sdn Bhd is a Malaysian investment company. It focuses on acquiring significant stakes in companies listed on Bursa Malaysia. The firm seeks to create value through strategic investments and active portfolio management.

Fundz sees it the moment Hii Capital Holdings Sdn Bhd makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Asteel Group Bhd?

Asteel Group Bhd was acquired by Hii Capital Holdings Sdn Bhd, based in Kuala Lumpur. The deal was reported on September 24, 2026. Hii Capital Holdings Sdn Bhd is a Malaysian investment company. It focuses on acquiring significant stakes in companies listed on Bursa Malaysia. Hii Capital Holdings Sdn Bhd is privately held and operates in Financial Services.

When did Hii Capital Holdings Sdn Bhd acquire Asteel Group Bhd?

Hii Capital Holdings Sdn Bhd's acquisition of Asteel Group Bhd was reported on September 24, 2026. Hii Capital Holdings Sdn Bhd has completed the acquisition of 52.94% of Asteel Group Bhd by purchasing 270 million shares at 7.5 sen each. 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.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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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 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.