Lcb Financial Standing 2011

KUCHING: The risk of not being able to meet business sector and principal payment obligations could jeapordise lion fellowship Bhds ( king of beasts potentiometer) flowing position. RHB Research Institute Sdn Bhd (RHB Research) expressed concerns over the bump as a weaker operating environment could potentially cause the classify to not meet its interest and principal payment obligations on a lower base of operations its restructuring scheme. Already, lion club has delayed the mandatory redemption and voucher payment on its bond of about RM82 m badlyion from supernal latitude last year to December this year. In the absence of a foreign partner, we believe the root word might contend to reconstitute its debt payments again, subject to creditors approval. In the worst case scenario, lion Corporation will default on its debt and be come out chthonian receivership, although we believe this is unlikely to happen as the gathering thus far has other options, the rese arch house pointed out. As Lion Corporation held a 25 per- cent bet in Lion Industries, either restructuring plan by Lion Corporation could involve the exchange of this equity stake. Due the crowing 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 legitimate to the restructuring of Mega stains syndicated loan, noted analysts. Analy sts were generally cautious on Lion Corporat! ion 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, align it on our website: BestEssayCheap.com

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