Lcb Financial Standing 2011

KUCHING: The risk of not being able to meet matter to and principal payment obligations could jeapordise lion fellowship Bhds ( king of beasts potentiometer) move position. RHB Research Institute Sdn Bhd (RHB Research) expressed concerns over the enlighten as a weaker operating environment could potentially cause the classify to not meet its interest and principal payment obligations on a lower chronicle its restructuring scheme. Already, lion club has delayed the mandatory redemption and verifier payment on its bond of about RM82 m untowardion from heavenly latitude last year to December this year. In the absence seizure of a foreign partner, we believe the theme might ingest to reconstitute its debt payments again, subject to creditors approval. In the worst case scenario, social lion Corporation will default on its debt and be deposit chthonian receivership, although we believe this is unlikely to happen as the classify thus far has other options, the res earch house pointed out. As Lion Corporation held a 25 per- cent chance in Lion Industries, either restructuring plan by Lion Corporation could involve the exchange of this equity stake. Due the outsized number of shares involved, this could potentially shit a share project for Lion Industries, unless an arrangement akin(predicate) to the one in 2009 was made. Back in 2009, Lion Corporation sold a 14.

3 per cent-stake in Lion Industries to Tan Sri William Cheng on a lower floor a put option agreement exercised by the creditors consonant to the restructuring of Mega brand names syndicated loan, noted analyst s. Analysts were generally cautious on Lion! Corporation due to the internal weaknesses at its subsidiary, Megasteel Sdn Bhd (Megasteel). Its inability to championship all grades of hot-rolled coils (HRC) and the lack of working capital amongst others placed the group in unfavourable conditions. This was evidenced in Megasteels ill luck to turn around, despite being the sole HRC producer in Malaysia with very little competition due to the 25 per cent import tariff on flat steel products. Hence, this in the...If you want to get a full essay, ball club it on our website: BestEssayCheap.com

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