Circular/Notice to Shareholders
| LION INDUSTRIES CORPORATION BERHAD |
| Subject | Circular to Shareholders in relation to the: Proposed disposal by Amsteel Mills Sdn Bhd, 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") for the Adjusted Consideration (as defined in the Circular) of approximately USD169.84 million (equivalent to approximately RM699.73 million) based on Antara's Proforma Closing Accounts (as defined in the Circular) as at 31 October 2020 and shall be payable in cash in accordance with the terms set out in the Agreement (as defined in the Circular). |
Please refer attachment below.
Announcement Info
| Company Name | LION INDUSTRIES CORPORATION BERHAD |
| Stock Name | LIONIND |
| Date Announced | 20 Jan 2021 |
| Category | Document Submission |
| Reference Number | DCS-15012021-00007 |