Thursday, January 5, 2012

Lion Corp gets Bursa nod to list 950m new shares

KUALA LUMPUR (Jan 5): LION CORPORATION BHD [] has received Bursa Malaysia Securities Bhd's approval to list up to 950 million new shares to settle the overdue amount owed by its 79% subsidiary Megasteel Sdn Bhd.

The company said on Thursday Bursa Securities had also approved the proposed share consolidation.

However, the approvals were subject to conditions, wherein Lion Corp must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities.

To recap, the 950 million new shares was to settle the RM950 million due by Megasteel to the unsecured trade creditors with an overdue amount of RM500,000 and above as at April 30, 2011.

This settlement would involve the issuance of one new share at par value of RM1 Lion Corp share and deferred cash payment of 20 sen for every RM1 of the overdue amount.

Lion Corp had said the proposed capital reCONSTRUCTION [] involved the proposed reduction of the par value of the existing LionCorp shares of RM1 each to 20 sen each by cancelling 80 sen.

This would be followed by the proposed consolidation of every five Lion Corp shares of 20 sen each into one share of RM1 each after the capital reduction was completed.

16 comments:

  1. You have done a good job in your bursamynews blog.

    I got some traffic from your website as well.


    Mind to email me for private talk...

    ReplyDelete
  2. Nice post please visit my blog: http://hargasahamku.wordpress.com

    thanks,
    hr

    ReplyDelete
  3. Outstanding post, I think people should acquire a lot from this weblog its really user pleasant. So much great information on here .
    SGX Singapore

    ReplyDelete
  4. kami sekeluarga tak lupa mengucapkan puji syukur kepada ALLAH S,W,T dan terima kasih banyak kepada AKI atas nomor togel.nya yang AKI berikan 4 angkah 5646 alhamdulillah ternyata itu benar2 tembus AKI. dan alhamdulillah sekarang saya bisa melunasi semua utan2 saya yang ada sama tetangga.dan juga BANK BRI dan bukan hanya itu AKI. insya allah saya akan coba untuk membuka usaha sendiri demi mencukupi kebutuhan keluarga saya sehari-hari itu semua berkat bantuan AKI.. sekali lagi makasih banyak ya AKI… bagi saudara yang suka main togel .
    yang ingin merubah nasib seperti saya silahkan hubungi AKI SOLEH,,di 0823 1333 6747,, insya allah anda bisa seperti saya…menang togel 175 juta, wassalam.


    dijamin 100% jebol saya sudah buktikan...sendiri....







    Apakah anda termasuk dalam kategori di bawah ini !!!!


    1"Dikejar-kejar hutang

    2"Selaluh kalah dalam bermain togel

    3"Barang berharga anda udah habis terjual Buat judi togel


    4"Anda udah kemana-mana tapi tidak menghasilkan solusi yg tepat


    5"Udah banyak Dukun togel yang kamu tempati minta angka jitunya
    tapi tidak ada satupun yang berhasil..







    Solusi yang tepat jangan anda putus aza....AKI SOLEH akan membantu
    anda semua dengan Angka ritwal/GHOIB:
    butuh angka togel 2D3D4D SGP / HKG / MALAYSIA / TOTO MAGNUM / dijamin 100% jebol
    Apabila ada waktu
    silahkan Hub: AKI SOLEH DI NO: (((082313336747)))



    angka GHOIB: singapur 2D/3D/4D/



    angka GHOIB: hongkong 2D/3D/4D/



    angka GHOIB; malaysia



    angka GHOIB; toto magnum 4D/5D/6D/



    angka GHOIB; lao

    ReplyDelete
  5. Malaysian companies are getting serious about their dividend policy. It might be a good start for a dividend malaysian portfolio. You can chouse companies from bursa Malaysia here: http://www.dividendsranking.com/country-Malaysia.html

    ReplyDelete
  6. Choosing a professional packers for your home or commercial shifting is better than choosing a normal packers. Here we go offer you the best professional packers and movers in pune location choose your suitable packers service among the top 10 leaders in packing industry.


    ReplyDelete
  7. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) ended below the psychological level of 1,700, slipping 17.43 points, or 1.01% to finish at 1,692.32, the weakest level seen since Feb 8, 2017 when the index closed at 1,688.50. Your post is informative, Thanks for sharing. Would you like to know about Singapore Exvhange trading?

    ReplyDelete
  8. Your blog is too informative. Keep sharing your post in future too.

    Regards
    Best Forex Signals

    ReplyDelete
  9. The Malaysian stock market offers many investment opportunities some of which are attractively priced and poised for superior growth.For more Update visit here- Bursa Malaysia Stocks

    ReplyDelete
  10. WELCOME TO CONSUMER LOAN FIRM .......... Are you a businessman or a woman? Are you in any financial mess or do you need funds to start your own business? Do you need a loan to start a small-scale pleasant and medium business? Do you have a low credit score and are you finding it difficult to obtain equity loan from local banks and other financial institutes? Our loans are well insured for maximum security is our priority, Our main goal is to help you get the services you deserve, Our program is the fastest way to get what you need in a snap. Reduce your payments to ease the pressure on your monthly expenses. Gain flexibility with which you can use for any purpose - holiday, education, for exclusive purchases We offer a wide range of financial services, which includes: Business Planning, Commercial and Financial Development, Properties and Mortgages, Debt Consolidation Loans , Private Loans, Home Refinancing Loans with low interest rate at 2% per annul for individuals, companies. WE OFFER ALL TYPE OF LOANS, APPLY TODAY FOR AVAILABLE LOANS. Please contact us via email for more information: (consumerloanfirm@gmail.com)

    ReplyDelete
  11. Thank You for Sharing this article which is really interesting and informative.
    International Courier Services in INDIA

    ReplyDelete
  12. Thank you for sharing this blog, it is interesting & informative.International Courier Service in India

    ReplyDelete
  13. Thank you for sharing such detailed & informative blog with us. It's really interesting and outstanding, all details are very useful for me. Hope for more blog from you. Courier to USA from Alwar

    ReplyDelete
  14. This comment has been removed by the author.

    ReplyDelete
  15. I read your blog and understood that such good information was not in any blog.I thank you wholeheartedly for posting such information.
    Cheapest Courier Services in India

    ReplyDelete