01
Oct
05:16
Lion risks delisting after plan rejected
Malaysia’s Lion Corp risks being delisted on 12 October if cannot appeal against a decision by Bursa Malaysia to reject a plan to regularise the stock. Lioc Corp and its parent, Lion Diversified Holdings, control several steel manufacturing and trading companies, including Megasteel, Kallanish notes.
Megasteel had been the country’s sole hot rolled coil producer but was still unable to profit despite regulations forcing re-rollers and pipe makers to …
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Anonymous
Very good overview of the weekly steel market.
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