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Lion Corporation Berhad Announces Proposed Disposal Of Shares In Lion Industries Corporation Berhad
Lion Corporation Berhad (LCB) announced the proposed disposal of 189,338,125 ordinary shares of MYR 1.00 each in Lion Industries Corporation Berhad (LICB) (LICB Shares), representing 26.38% equity interest in LICB (excluding Treasury Shares) by LCB and its wholly-owned subsidiaries PMB Jaya Sdn Bhd and Bright Steel Sdn Bhd to Tan Sri William H.J. Cheng and Dynamic Horizon Holdings Limited for an aggregate consideration of MYR 265,000,000 (or approximately MYR 1.40 per LICB Share).
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