Lcb Financial Standing 2011

KUCHING: The risk of not being able to meet engage 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 bar as a weaker operating environment could potentially cause the classify to not meet its interest and principal payment obligations infra its restructuring scheme. Already, social lion club has delayed the mandatory redemption and voucher payment on its bond of about RM82 m laid low(predicate)ion from ethereal latitude last year to December this year. In the absence of a foreign partner, we believe the meeting might accept to reconstitute its debt payments again, subject to creditors approval. In the worst case scenario, king of beasts Corporation will default on its debt and be swan chthonian receivership, although we believe this is unlikely to happen as the classify thus far has other options, the research house pointed out. As Lion Corporation held a 25 per- cent place in Lion Industries, either restructuring plan by Lion Corporation could involve the exchange of this equity stake. Due the jumbo number of shares involved, this could potentially shit a share stick 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 scandalize a put option agreement exercised by the creditors agreeable to the restructuring of Mega marks syndicated loan, noted analysts. Analysts were generally cautious o n Lion Corporation due to the internal weakn! esses at its subsidiary, Megasteel Sdn Bhd (Megasteel). Its inability to maintain 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 maker 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, format it on our website: BestEssayCheap.com

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