• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


PROPOSED DISPOSALS

LION INDUSTRIES CORPORATION BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-04092023-00002
Subject PROPOSED DISPOSALS
Description
LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY")

REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY LETTER DATED 4 SEPTEMBER 2023 IN RELATION TO THE PROPOSED DISPOSALS
Query Letter Contents

We refer to LIONIND’s announcement dated 3 September 2023 in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:

 

1. The detailed basis in arriving at the Disposal Consideration and the transaction price per sq ft.

2. Whether any valuation was carried out on the Lands; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.

3. The estimated breakdown for utilisation of proceeds  for the payment of creditors, administrative and operating expenses respectively.

4. The details of the estimated expenses for the Proposed Disposals of RM22.23 million.

5. The rationale for the Advances from the Purchaser to form part of the settlement for SPA 1 as the Advances is subject to a charge of 0.8% per month.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

 

 

Listing

Regulation

 

cc: Market Surveillance Dept.  Securities Commission (via fax)

We refer to the Company's announcement made on 3 September 2023 in relation to the Proposed Disposals ("Announcement"). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcement unless otherwise defined herein.

 

On behalf of the Board, Mercury Securities wishes to announce the following additional information as required by Bursa Securities vide its letter dated 4 September 2023 (Ref No.: IQL-04092023-00002).

 

Please refer to the attachment for further details of the additional information. 

 

This announcement is dated 5 September 2023.



Please refer attachment below.



Announcement Info

Company Name LION INDUSTRIES CORPORATION BERHAD
Stock Name LIONIND
Date Announced 05 Sep 2023
Category General Announcement for PLC
Reference Number GA1-05092023-00039



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X