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LION Corporation Bhd Proposes Disposal Of Ordinary Shares


Thursday, 4 Apr 2013 05:52am EDT 

Lion Corporation Bhd announced that it has proposed disposal of 181,856,809 ordinary shares of RMB1.00 each in lion industries corporation berhad (licb) (licb shares), representing approximately 25.34% equity interest in licb (excluding treasury shares) by lion corporation berhad and its wholly-owned subsidiary, pmb jaya sdn bhd to tan sri william h.j. cheng (tswc) and dynamic horizon holdings limited for an aggregate consideration of RMB254,529,000 (or approximately RMB1.40 per licb share) (proposed disposal of licb shares by lcb pmb jaya); and proposed disposal of 7,481,316 licb shares, representing approximately 1.04% equity interest in licb (excluding treasury shares) by bright steel sdn bhd, a wholly-owned subsidiary of lcb to tswc for a consideration of RMB10,471,000 (or approximately RMB1.40 per licb share) (proposed disposal of licb shares by bssb) 

Company Quote

0.08
-0.01 -11.11%
4:09am EDT