LIONCOR

0.005

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LION CORPORATION BERHAD ("LCB" OR THE "COMPANY") PROPOSED DISPOSAL BY BRIGHT STEEL SERVICE CENTRE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF LCB OF PROPERTY AND ASSETS TO AXIS DEVELOPMENT SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM64 MILLION ("PROPOSED DISPOSAL")

LION CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LION CORPORATION BERHAD ("LCB" OR THE "COMPANY")

PROPOSED DISPOSAL BY BRIGHT STEEL SERVICE CENTRE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF LCB OF PROPERTY AND ASSETS TO AXIS DEVELOPMENT SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM64 MILLION ("PROPOSED DISPOSAL")
We refer to our announcements dated 18 May 2016, 24 June 2016, 28 July 2016, 24 August 2016 and 8 September 2016 in relation to the Proposed Disposal ("Earlier Announcements") and our announcement dated 19 August 2016 in relation to the outcome of the Extraordinary General Meeting of LCB.

Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the Earlier Announcements.

The Board wishes to announce that the Proposed Disposal has been completed on 30 September 2016. 





Announcement Info

Company Name LION CORPORATION BERHAD
Stock Name LIONCOR
Date Announced 30 Sep 2016
Category General Announcement for PLC
Reference Number GA1-30092016-00135