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NewsUpdate Lion Corp's Megasteel to pay RM213m to Tenaga as debt settlement
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Update Lion Corp's Megasteel to pay RM213m to Tenaga as debt settlement
by Cals Sat 20 Jul 2013, 02:02
Update Lion Corp's Megasteel to pay RM213m to Tenaga as debt settlement
Business & Markets 2013
Written by Jason Tan of theedgemalaysia.com
Friday, 19 July 2013 18:30
KUALA LUMPUR (July 19): Lion Corp Bhd's subsidiary Megasteel Sdn Bhd will pay TENAGA NASIONAL BHD [] (TNB) RM213.3 million as full-debt settlement.
In a filing to Bursa Malaysia today, Lion Corp said that Megasteel and TNB “had entered consent judgment for Megasteel to pay RM213.3 million to TNB as full and final settlement in nine equal monthly installments of RM23.7 million each, commencing July 31, 2013.”
Business & Markets 2013
Written by Jason Tan of theedgemalaysia.com
Friday, 19 July 2013 18:30
KUALA LUMPUR (July 19): Lion Corp Bhd's subsidiary Megasteel Sdn Bhd will pay TENAGA NASIONAL BHD [] (TNB) RM213.3 million as full-debt settlement.
In a filing to Bursa Malaysia today, Lion Corp said that Megasteel and TNB “had entered consent judgment for Megasteel to pay RM213.3 million to TNB as full and final settlement in nine equal monthly installments of RM23.7 million each, commencing July 31, 2013.”
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