13
Apr
15:13
Malaysia's Lion sells HBI plant to Esteel
Malaysia's Lion Industries says it has received payment from Esteel Enterprise and sold its entire 100% equity interest in Antara Steel Mills Sdn Bhd to Esteel.
The buyer fully paid the final adjusted consideration to the seller, in accordance with the agreed formula, of approximately $165.63 million, Kallanish notes. Total proceeds have increased by MYR 26.15m ($6.18m) due to the different exchange rate used and the date adopted for the closing of A…
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