13
Apr
10:09
Lion to lease back facility to paydown debt
Malaysia’s Lion Industries says it has entered into an agreement to sell a steel factory, operated by subsidiary Amsteel Mills, to one of its creditors and then lease it back. The deal will help it to settle outstanding debt to Yinson Corp while maintaining operations, it adds.
The sale will raise MYR 47.7 million ($10.76m), part of which will be through the settlement of debt. Amsteel has also signed a lease agreement on the works for five years, with the…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous