# Nippon Steel to acquire 10% stake in Malaysia's Leform for $6.37 million

Nippon Steel's trading arm, NST Trading Malaysia Sdn Bhd, will subscribe to 143.1 million new shares in Malaysian pipe and flat steel producer Leform Berhad for RM 25 million ($6.37 million), acquiring a 10% stake.

- Type: Acquisition
- Announced: 2026-03-10
- Where: Malaysia
- Value: $6.37M
- Status: announced
- Products: pipe, flat steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nippon Steel](https://endata.com/companies/7455.md) (acquirer)
- [NST Trading Malaysia Sdn Bhd](https://endata.com/companies/90798.md) (acquirer)
- [Leform Berhad](https://endata.com/companies/90799.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/nippon-steel-to-acquire-10-percent-stake-in-malaysias-leform-for-637-million-1440511.htm), 2026-03-10: "The proceeds from the transaction are expected to be utilised primarily for the purchase of raw materials, enabling the group to stock products in advance of orders, improve delivery efficiency and procure steel materials ahead of anticipated price increases to enhance gross profit margins, accordin"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.