Press Metal Dec 2011

Press Metal: When Phase 2 of Press Metal’s project kicks off, earnings are expected to soar as its new plant in Sarawak – which originally set to be commissioned in 3Q2012 – will triple its capacity to 360000 tonnes. Given the improvement in Press Metal’s bottom line and valuation, there has been talk that Koon, a substantial shareholder may take it private. This has been denied by the company’s top officials.