# Ann Joo Resources and Southern Steel form joint venture for long product steel manufacturing

Ann Joo Resources Bhd and Southern Steel Bhd signed an MoU to form a 55:45 joint venture company combining their long product steel manufacturing businesses. Southern Steel will sell units for RM742.5 million and Ann Joo will sell units for RM907.5 million to the JV Co.

- Type: Acquisition
- Announced: 2026-11-05
- Where: Malaysia
- Value: $375.0M (1.65B MYR)
- Status: announced
- Products: long product steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ann Joo Resources Bhd](https://endata.com/companies/15781.md) (acquirer)
- [Southern Steel Bhd](https://endata.com/companies/15782.md) (target)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/ann-joo-southern-steel-jv-long-product-steel-manufacturing), 2026-11-05: "The proposal aims to establish a joint venture comprising the long product steel manufacturing businesses of SSB and AJRB, both of which are established players in the Malaysian steel market, to promote business efficacy and obtain synergistic benefits for such businesses."

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