MCS Steel Non-Voting DR MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise buildings such as office buildings, hotels, shopping malls, and others. There are two types of steel structures produced by the Company: the steel structure used as a column-box and the steel structure used as beams, which are important components of the building. Its subsidiaries include Tanaka Welding Center Co., Ltd., which is focused on welder training and real estate; M.C.S.-Japan Co., Ltd., which is engaged in the design and production of structural steel products; and M.C.S. Steel-Xiamen Co., Ltd., which is engaged in the production and distribution of structural steel products.

GREY:MSTUF - Post by User

MCS Steel Non-Voting DR > Show your support of management >

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Comment by retiredcfon Aug 30, 2016 10:29am

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Post# 25190755

RE:RE:RE:Show your support of management >

Essentially, MST.UN is a victim of its own success. They have grown to such an extent that for the long term, they want to internalize asset management rather than pay these costs (which will ontinue to rise) to an external agency. Makes sense to me.

Management has done a superb job since the IPO so IMHO, they have eaned our support. Although this is one of my largest holdings, if the SP falls much more, I will be compelled to add more. GLTA

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