K Seng Seng Corp Bhd has appointed Wong Pak Yii as its new chief executive officer, effective immediately, the company said in a bourse filing. The appointment brings nearly four decades of industry experience to the stainless steel products manufacturer and industrial hardware trader.
Wong has 39 years of experience in the steel and mining sectors, with extensive exposure to operational management, corporate governance, and industry development. In addition to his new role, he currently serves as a board member of the Malaysia Steel Institute for the 2025–2026 term and Steel Industry Sabah for the 2023–2026 term, where he provides oversight on governance, risk management, and board committee functions.
He is also the honorary treasurer of the Malaysia Steel Association, a position he has held since 2018 and is expected to continue through 2026. Wong further brings board-level experience as the non-executive chairman of Agricore CS Holdings Bhd.
K Seng Seng is principally involved in the manufacturing and processing of secondary stainless steel products. Its offerings include welded stainless steel tubes and pipes, industrial fasteners, rigging accessories and components, stainless steel sheets, round bars, flat bars, and angle bars. The group also participates in the trading of industrial hardware, including marine hardware and related consumables, serving a wide range of industrial customers.
According to AskEdge data, K Seng Seng currently trades at a trailing price-earnings (P/E) ratio of 31.3 times. This compares with peers such as Chin Well Holdings Bhd at 55.5 times and Tong Herr Resources Bhd at 32.5 times, while remaining higher than Engtex Group Bhd and Leon Fuat Bhd, which trade at 10.9 times.
Shares in K Seng Seng closed unchanged at 93.5 sen, giving the group a market capitalisation of approximately RM191 million.
