Ann Joo Resources
Ann Joo Resources Berhad (Bursa: ANNJOO) is the Lim family’s Petaling Jaya-based steel group. Until September 2026 it owned Ann Joo Steel Berhad, the former Malayawata Steel mill in Prai Industrial Estate, Penang; after selling it to Green Esteel for RM290 million the group is a downstream steel trader and processor. It also owns about 437 acres in Gurun, Kedah, through Gurun Heavy Industrial Park Sdn Bhd, which it is selling in large plots to Chinese manufacturers with developer Transyear.
Gurun Heavy Industrial Park: land sales, prices and tenants
Ann Joo's Gurun Heavy Industrial Park in Kedah sold 122.5 acres to China's LB Group and Putailai in 2026 at RM44–45 psf; about 135 acres are left.
LB Group starts RM1b titanium dioxide plant in Gurun, Kedah
China's LB Group has started a RM1 billion titanium dioxide plant on 60.1 acres in the Gurun Heavy Industrial Park, Kedah, with RM600 million in phase 1. It paid RM117.8 million, o…
Ann Joo exits steelmaking: Green Esteel takes the Prai mill and its 200-acre freehold Bandar Prai title for RM290mil — less than Axis REIT offered for two-thirds of the land
The RM150 million in Monday’s filing was only the completion instalment. You Zhenhua’s Green Esteel, already Southern Steel’s controlling shareholder, now owns Ann Joo Steel Berhad…
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