Cheng: Lion Group's revamp for steel ops still on
Page 1 of 1
Cheng: Lion Group's revamp for steel ops still on
KUALA LUMPUR: The restructuring plan for Lion Group's steel operations is still on with a merchant banker appointed to look into the matter, said its chairman and chief executive officer Tan Sri William Cheng.
He said on Monday that several foreign parties from China and South
Korea have indicated interest to take up some stake in Lion steel
subsidiaries but "they want to see a clearer iron and steel policy
being put in place by the Malaysian Government before investing".
In
another development, Lion Group is also seeking to secure iron ore
concessions from the mineral rich states like Trengganu, Pahang and
Johor.
"This will be for the supply to our current blast furnace
plant in Banting (Selangor) which is under construction," Cheng
explained.
He said on Monday that several foreign parties from China and South
Korea have indicated interest to take up some stake in Lion steel
subsidiaries but "they want to see a clearer iron and steel policy
being put in place by the Malaysian Government before investing".
In
another development, Lion Group is also seeking to secure iron ore
concessions from the mineral rich states like Trengganu, Pahang and
Johor.
"This will be for the supply to our current blast furnace
plant in Banting (Selangor) which is under construction," Cheng
explained.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics
» Lion confirms talks on steel collaboration
» Lion-related stocks rise on China Steel offer
» Lion Industries on 'hold' with uncertainty in steel sector / other analyst calls
» Lion Corp sells Lion Forest stake
» Melewar signs MoU with KAZMY Steel to build Kazakh steel plant
» Lion-related stocks rise on China Steel offer
» Lion Industries on 'hold' with uncertainty in steel sector / other analyst calls
» Lion Corp sells Lion Forest stake
» Melewar signs MoU with KAZMY Steel to build Kazakh steel plant
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum