Sumitomo Corporation (TSE:8053) acquired remaining 50% stake in Sumiputeh Steel Centre Sdn. Bhd. on January 12, 2018. Under the terms of transaction, Sumitomo Corporation acquired remaining 50% stake in Sumiputeh Steel Centre Sdn. Bhd. Sumiputeh Steel Centre Sdn. Bhd. became a wholly owned subsidiary of Sumitomo Corporation. Sumitomo Corporation (TSE:8053) completed the acquisition of remaining 50% stake in Sumiputeh Steel Centre Sdn. Bhd. on January 12, 2018.