[i3 investor.com] Masteel: JV receives land offer in Johor

Malaysia Steel Works (KL) Bhd’s (Masteel) JV with KUB Malaysia Bhd and Metropolitan Commuter Network Sdn Bhd (MCN) has received an offer of land under Perbadanan Aset Keretapi (PAK) from the transport ministry. The 14.31ha parcel in Kempas, Johor will be used to construct MCN’s Iskandar Malaysia commuter train depot. In a filing with Bursa Malaysia, Masteel said MCN would submit the necessary application to PAK for the land. ‘The size of the land is sufficient for MCN’s depot construction and is strategically located in Johor for the efficient operation of the company’s proposed commuter train service,’ said Masteel.

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