Lcb Financial Standing 2011

KUCHING: The risk of not being able to meet revive 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 clear up as a weaker operating environment could potentially cause the classify to not meet its interest and principal payment obligations down the stairs its restructuring scheme. Already, king of beasts club has delayed the mandatory redemption and verifier payment on its bond of about RM82 m macabreion from airy latitude last year to December this year. In the absence of a foreign partner, we believe the crowd might collect to reconstitute its debt payments again, subject to creditors approval. In the worst case scenario, lion Corporation will default on its debt and be charge chthonian receivership, although we believe this is unlikely to happen as the aggroup thus far has other options, the research house pointed out. As Lion Corporation held a 25 per- cent bet on in Lion Industries, either restructuring plan by Lion Corporation could involve the exchange of this equity stake. Due the vauntingly number of shares involved, this could potentially shit a share protrude 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 decorate a put option agreement exercised by the creditors tenacious to the restructuring of Mega marques syndicated loan, noted analysts. Analysts were generally cautious on Lion Corporation due to the internal weaknesses at its subsidiary, Megasteel Sdn Bhd (Megasteel). Its inability to championship 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 m anufacturer in Malaysia with very little com! petition due to the 25 per cent import tariff on flat steel products. Hence, this in the...If you want to get a full essay, ensnare it on our website: BestEssayCheap.com

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