KUALA LUMPUR (March 27): K Seng Seng Corp Bhd (KL:KSSC) has appointed Wong Pak Yii as its new chief executive officer, effective immediately.

In a bourse filing, the group said Wong has 39 years of experience in the steel and mining industry.

He also serves as a board member of the Malaysia Steel Institute (2025 to 2026) and Steel Industry Sabah (2023 to 2026), providing oversight on corporate governance, risk management, and board committee functions.

He is also a honorary treasurer of the Malaysia Steel Association (2018 to 2026).

Wong is currently also the non-executive chairman of Agricore CS Holdings Bhd (KL:AGRICOR).

K Seng Seng is involved in the manufacturing and processing of secondary stainless steel products such as welded stainless steel tubes and pipes, stainless steel industrial fasteners, rigging accessories and components, stainless steel sheets, stainless steel round bars, stainless steel flats bars as well as stainless steel angles bars.

The group is also involved in the trading of industrial hardware including marine hardware and consumables.

AskEdge data showed that K Seng Seng currently trades at a 31.3 times trailing price-earnings (P/E) ratio, which is higher compared to its peers such as Chin Well Holdings Bhd's (KL:CHINWEL) P/E ratio of 55.5 times, Tong Herr Resources Bhd's (KL:TONGHER) P/E ratio of 32.5 times, but lower compared to Engtex Group Bhd (KL:ENGTEX) and Leon Fuat Bhd's (KL:LEONFB) P/E of 10.9 times.

K Seng Seng’s share price closed unchanged at 93.5 sen, giving the group a market capitalisation of RM191 million.