Highlights

[LIONIND] Notice of Person Ceasing Substantial Shareholders - LION DEVELOPMENT (PENANG) SDN BHD on 06-Mar-2012

Stock [LIONIND]: LION INDUSTRIES CORPORATION
Announcement Date 06-Mar-2012

Substantial Shareholder's Particular:

Name LION DEVELOPMENT (PENANG) SDN BHD

Details of Changes:

Currency Malaysian Ringgit (MYR)

Date of Change Type Number of Shares
05-Mar-2012 Disposed 190,139,625

Nature of Interest Indirect
Shares Ordinary shares of RM1.00 each
Reason Horizon Towers Sdn Bhd, a company wherein Lion Development (Penang) Sdn Bhd (“LDP”) has a substantial interest, ceased to have a substantial interest in Lion Corporation Berhad (“LCB”) (pursuant to the corporate exercise undertaken by LCB), which has a substantial interest in the registered holders. Hence, LDP ceased to be interested in the securities held by the registered holders.


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