# GrabSteel equity facility with White Lion Capital

> Live situation record from CLSTR: https://clstr.news/situations/grabsteel-equity-facility-with-white-lion-capital
> Updated: 2026-09-28T03:42:35.000Z. Sources: 4. Developments: 2.

Malaysian steel distributor GrabSteel has entered into definitive agreements for a committed equity facility of up to US$100 million with White Lion Capital LLC, a United States-based multi-strategy family office. This represents the first outside equity commitment in the company’s history.

The capital is designated to fund the development of Matcon, a construction materials platform intended to digitize the Southeast Asian market. The platform seeks to modernize a sector valued at over US$220 billion annually, which currently relies on manual processes such as paper notes and relationship-based credit.

The agreement is contingent upon GrabSteel listing its shares on a United States exchange. The facility is structured so that White Lion Capital will purchase shares in tranches at the company’s election, providing incremental capital as Matcon grows.

## Timeline

### 2026-09-28: GrabSteel secures US$100 million equity facility from White Lion Capital

Malaysian steel distributor GrabSteel has secured a US$100 million equity facility from White Lion Capital to develop Matcon, a digital construction materials platform for the Southeast Asian market.

2 sources. https://clstr.news/cluster/grabsteel-secures-us100-million-equity-facility-from-white-lion-capital

### 2026-09-25: GrabSteel secures US$100 million equity facility with White Lion Capital

GrabSteel has secured a US$100 million equity facility from White Lion Capital to develop Matcon, a digital construction materials platform for the Southeast Asian market.

2 sources. https://clstr.news/cluster/grabsteel-secures-us100-million-equity-facility-with-white-lion-capital

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Cite as: GrabSteel equity facility with White Lion Capital. CLSTR, https://clstr.news/situations/grabsteel-equity-facility-with-white-lion-capital