TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS

Company Name LION INDUSTRIES CORPORATION BERHAD
Stock Name LIONIND
Date Announced 24 Jun 2022
Category General Announcement for PLC
Reference Number GA1-24062022-00045

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY")

Disposal by Amsteel Mills Sdn Bhd, a 99% owned subsidiary of the Company, of its entire 100% equity interest in Antara Steel Mills Sdn Bhd to Esteel Enterprise Pte Ltd ("Disposal")
Reference is made to the Company’s announcements dated 12 October 2021, 28 October 2021, 1 November 2021, 9 November 2021, 7 December 2021, 10 December 2021, 16 December 2021, 23 December 2021, 7 March 2022 and 8 April 2022 (collectively, the “Announcements”), and the Company’s Circular to Shareholders dated 25 November 2021 (“Circular”) in relation to the Disposal. Unless otherwise stated, abbreviations and defined terms used throughout this announcement shall have the same meanings as those previously defined in the Announcements and the Circular.

Further to the Company’s announcement dated 8 April 2022, the Board of Directors of LICB wishes to announce that the balance of RM190.42 million as set out in item (b) of the announcement attached herewith has been allocated for funding of working capital for the LICB Group.

The full text of the announcement is attached herewith.



Please refer attachment below.



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