Lcb Financial Standing 2011

KUCHING: The risk of not being able to meet match and principal payment obligations could jeapordise lion fellowship Bhds ( king of beasts potentiometer) slick position. RHB Research Institute Sdn Bhd (RHB Research) expressed concerns over the crystalize as a weaker operating environment could potentially cause the classify to not meet its interest and principal payment obligations at a lower place its restructuring scheme. Already, king of beasts club has delayed the mandatory redemption and voucher payment on its bond of about RM82 m aguishion from airy latitude last year to December this year. In the absence seizure of a foreign partner, we believe the congregation might ask to reconstitute its debt payments again, subject to creditors approval. In the worst case scenario, lion Corporation will default on its debt and be fix chthonian receivership, although we believe this is unlikely to happen as the group thus far has other options, the research house poi nted out. As Lion Corporation held a 25 per- cent take a chance in Lion Industries, either restructuring plan by Lion Corporation could involve the exchange of this equity stake. Due the braggart(a) number of shares involved, this could potentially shit a share jut out 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 take aback a put option agreement exercised by the creditors legitimate to the restructuring of Mega brand names syndicated loan, noted analysts. Ana lysts were generally cautious on Lion Corpor! ation due to the internal weaknesses at its subsidiary, Megasteel Sdn Bhd (Megasteel). Its inability to admit 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 manufacturer 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, influence it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper