Lion Group steel operations in debt, under PN17 category and face de-listing
THE fate of Tan Sri William Cheng’s Lion Group steel operations seem to be stuck in limbo.
Two of its listed subsidiaries – Lion Corp Bhd and Lion Diversified Holdings Bhd – have already been classified as Practice Note (PN17) companies, heavily saddled with huge defaults in payments.
Its two other steel-related subsidiaries are Lion Industries Corp Bhd and Lion Forest Industries Bhd.
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