NON RELATED PARTY TRANSACTIONS LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "THE COMPANY") Proposed disposal by Amsteel Mills Sdn Bhd ("AMSB" or "Seller"), a 99% owned subsidiary of the Company, of the hot-briquetted iron ("HBI") plant and business in Labuan by disposing of the entire 100% equity interest in Antara Steel Mills Sdn Bhd ("Antara") to Esteel Enterprise Pte Ltd ("Esteel" or "Buyer") for a cash consideration of USD128.00 million (equivalent to RM546.56 million)
LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY") Proposed disposal by Amsteel Mills Sdn Bhd ("AMSB" or "Seller"), a 99% owned subsidiary of the Company, of the hot-briquetted iron plant and business in Labuan by disposing of the entire 100% equity interest in Antara Steel Mills Sdn Bhd to Esteel Enterprise Pte Ltd ("Esteel" or "Buyer") for the Adjusted Consideration as defined in the announcement dated 23 November 2020
LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY") Proposed disposal by Amsteel Mills Sdn Bhd ("AMSB" or "Seller"), a 99% owned subsidiary of the Company, of the hot-briquetted iron plant and business in Labuan by disposing of the entire 100% equity interest in Antara Steel Mills Sdn Bhd ("Antara") to Esteel Enterprise Pte Ltd ("Esteel" or "Buyer") for the Adjusted Consideration as defined in the announcement dated 23 November 2020
Dispose plant LABUAN ,get RM546 million ,to ESTEEL singapore , JOIN VENTURE CHINA SIDE WELL MONY , 212 million PROPERTY CORPORATE .... HUGE INVEST ON HRC PROJECT about 300 million , can produce 300 million TON hot rolled coil per ANNUAL , expect income 200 million RM < NTA on current per share is 1.78 ., NET CASH ON HAND 200 million .
IF NOT GOOD , NOT GOT SUCH HUGE FUND GO IN THIS STOCK , DEC TIME ..... 700 MILLION CHIPS IN .. ALMOST SWALLOW FINISHED THE EXISTING SHARE 727 MILLION .
Nothing else to worry , once GLOBAL market is STRONG REBOUND ...see our neighbor country , if GOOD , continue SHOPPING , buy on cheap grand sales period , why not , just nice .
Buddy all , bad news , prepared the plunged , two MENTERI got positive on covid 19 , Tok pa and Rina , Government prepared to declare MCO 2 ...STOCK expect worst on NOON , DIVER DOWN is forecast .
Khatu this covit is attack malaysia old people in malaysia to put in covit kena menteri and all saham will drop is bad idea. This is the curses for menteri yg tak habis habis suruh politik not stable.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
khatulistiwa1234
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Posted by khatulistiwa1234 > 2021-01-10 13:16 | Report Abuse
NON RELATED PARTY TRANSACTIONS LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "THE COMPANY") Proposed disposal by Amsteel Mills Sdn Bhd ("AMSB" or "Seller"), a 99% owned subsidiary of the Company, of the hot-briquetted iron ("HBI") plant and business in Labuan by disposing of the entire 100% equity interest in Antara Steel Mills Sdn Bhd ("Antara") to Esteel Enterprise Pte Ltd ("Esteel" or "Buyer") for a cash consideration of USD128.00 million (equivalent to RM546.56 million)