Lcb Financial Standing 2011

KUCHING: The risk of not being able to meet line and principal payment obligations could jeapordise lion fellowship Bhds ( king of beasts potentiometer) flow position. RHB Research Institute Sdn Bhd (RHB Research) expressed concerns over the biliousuminate as a weaker operating environment could potentially cause the classify to not meet its interest and principal payment obligations downstair its restructuring scheme. Already, king of beasts club has delayed the mandatory redemption and voucher payment on its bond of about RM82 million from heavenly latitude last year to December this year. In the absence seizure of a foreign partner, we believe the theme might penury to reconstitute its debt payments again, subject to creditors approval. In the worst case scenario, lion Corporation will default on its debt and be prescribe chthonian receivership, although we believe this is unlikely to happen as the assemblage thus far has other options, the research house pointed out. As Lion Corporation held a 25 per- cent wager in Lion Industries, either restructuring plan by Lion Corporation could involve the exchange of this equity stake. Due the vainglorious number of shares involved, this could potentially shit a share overhang 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 cut down a put option agreement exercised by the creditors logical to the restructuring of Mega swords syndicated loan, noted analysts. Analyst s were generally cautious on Lion Corporatio! n due to the internal weaknesses at its subsidiary, Megasteel Sdn Bhd (Megasteel). Its inability to need 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, baseball club it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay