Correct. Hopefully the announcement is an encouraging news.

Somehow high risk.

Not so much lah. Earning some pocket money only.

Lets wait for the announcement later see whether the buy volumn is triggered by positive news.
If really a good news, then both lioncor and liondiv will dance.
Again, dont speculate. Hahaha....

Hold a bit of liondiv. Hopefully can have big gain in % as the price is in single digit now.

Investor99, not only awake. It will dance if positive news announce later.

无风(news/rumours)不起量(volumn).

Not greedy. If got solid news announce later to support, then limit up on next monday. Hahaha.

Seems like good news ahead (announcement after 5pm today). Congratulations, investor99.

Will lioncor surge in price & volumn and trigger uma?

Correct, kk123.
Investor99, we expected there is announcement made yesterday but not happened.
And today is overdue as the request for extension is until 31.3.16.
Seems like the chance is tiny.

Investor99, totally agree with u. Somemore no official reply on the decision for the request for extension until 31.3.2016. May b big angpow (announcement today) waiting for u. Worst case is "request for extension" again. Will it b entertained or not is another issue already.

Yes. But lioncor can submit request for extension (as previously did).

5 October 2015 (OTHERS: REGULARISATION PLAN)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4885469
On behalf of the Board of Directors of the Company, SJ Securities Sdn Bhd (“SJ Securities”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 5 October 2015 (“Bursa’s Letter”) granted the Company an extension of time up to 31 January 2016 to submit the Regularisation Plan to the regulatory authorities.
The Bursa’s Letter also stated that Bursa Securities’ decision is without prejudice to its right to proceed to suspend the trading of the securities of the Company and to de-list the Company in the event:
(i) the Company fails to submit the Regularisation Plan to the regulatory authorities on or before 31 January 2016;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its Regularisation Plan; or
(iii) the Company fails to implement its Regularisation Plan within the time frame or extended time frames stipulated by Bursa Securities.
Upon occurrence of any of the events set out in (i) and (iii) above, Bursa Securities shall suspend the trading of the listed securities of the Company upon the expiry of five (5) market days from the date the Company is notified by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

29 January 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4990269
On behalf of the Board of Directors of the Company, SJ Securities Sdn Bhd (“SJ Securities”) wishes to announce that SJ Securities had on 29 January 2016 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time from 31 January 2016 to 31 March 2016 for the Company to consider options for any Regularisation Plan.

IF "no Regularisation Plan" and "no more extension":
Bursa Securities shall suspend the trading of the listed securities of the Company upon the expiry of five (5) market days from the date the Company is notified by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

Countdown: Three more days.

Investor99, You’ve got a point.
Let's count down for that. Haha.

Countdown: Four more days (28/3, 29/3, 30/3, 31/3) for Official Announcement on any Regularisation Plan.

http://biz.sinchew.com.my/node/133664?v=mobile
中國出口減量‧全球鋼鐵業鬆口氣
2016-03-24 14:43

（中國‧北京24日訊）深受中國業者競爭所苦的全球鋼鐵業者總算看見一根浮木。商品交易巨頭來寶集團（Noble Group）指出，中國創紀錄的鋼鐵出口可望在鋼價回漲後下降，因為中國業者可能更有興趣和國內煉鋼廠、而非國外做生意。

來寶碳鋼鋼材分析師皮林斯基說，中國鋼鐵出口未來幾個月可能下降，主要原因是中國鋼鐵價格自去年12月來表現遠優於其他地區，已勁漲30至40%。

鋼鐵產量佔全球一半以上的中國去年出口寫下紀錄，因為業者當時急於因應國內鋼鐵價格下滑與生產過剩的問題。大量出口自中國的鋼材讓亞洲、歐洲與美國鋼市競爭愈趨激烈、重挫全球煉鋼廠獲利，業者指控中國傾銷廉價鋼品，也讓貿易關係愈趨緊張。

根據1月公佈的海關數據，中國鋼鐵出口在去年增加近20%至1.124億公噸。最新官方數據則顯示，中國2月鋼鐵銷量下滑17%至811萬公噸，為去年3月以來最低。

中國出口下滑，可望讓阿賽洛米塔爾（ArcelorMittal）與美國鋼鐵（USSC）等鋼鐵業者喘一口氣。

阿賽洛米塔爾去年陷入虧損，美國鋼鐵則積極投入反傾銷活動。

中國鋼筋價格繼連續5年走跌後，今年來勁漲24%。上海期貨交易所的鋼筋價格23日漲至每公噸2千240元（人民幣，下同），繼去年12月觸及每公噸1千618元的低點之後一路回升。

中國積極抑制鋼鐵產量

皮林斯基指出，今年中國鋼鐵價格回漲是受到產量減少帶動，“中國積極抑制鋼鐵產量，成為鋼價漲勢的主要推手”。

不過，他也認為，中國鋼鐵產量仍可能增加，使鋼價復甦的局面再度扭轉。
（星洲日報／財經）

Agree to the above comments.
Unless good news announce, the share price will move upwards.
This counter is high risk.

8 more trading (working) days to 31/3.
My guess is good news ahead.
Hope for the best, prepare for the worst.

investor99, u r right. May be it is meaningless, but there still some figures for us to understand more on Megasteel/steel industry as of 2012:
-There are 4 CRC producers, 2 steel plates makers, 5 coated steel producers, 26 steel pipes manufacturers and 21 steel service centres in Malaysia.
-“We have a HRC capacity of about 3.2 million tonnes but a current utilisation of 1.2 million tonnes or less than 40% capacity.”
-“We are using direct reduced iron and iron ore based scrap to produce grades of quality required by customers in the automotive inner parts, oil and gas and the pipes sector.
-“So far, we have no problem supplying to the overseas market, but it is ironic why a few locals would question our product quality,” he added.
-“Local producers can supply 80%, or 2.4 million tonnes of what these manufacturers are importing,”
-“If we can get back to the 2007 levels of 200,000 tonnes per month, we can turn around. Now we are at 80,000 tonnes per month,”
- RM40bil steel sector
and many more..

Sharing some old news:
http://www.thestar.com.my/business/business-news/2012/07/28/putting-the-steel-in-megasteel/

http://www.bearing.com.cn/dev/read_news.php?id=33763&type=

http://www.thestar.com.my/story/?sec=bu&file=%2F2012%2F7%2F17%2Fbusiness%2F11672269

The request to extend until 31/3 (submitted on 29/1) still yet receice any reply.
From observation, request for pn17 extension is normally 3months.
But recent submission only 2months.
May be should be optimistic (my guess only, no solid point support).
This is not a recommendation to buy/hold/sell.
Haha.

investor99, thanks for the advise. :)
I din chase high.
What i hope is that the LIONIND's "bullishness" will help to improve both LIONCOR & LIONDIV performance.

LIONIND bullish.

http://www.chinapress.com.my/20160311/熱到暈！-用電飆高-國能授招/
熱到暈！ 用電飆高 國能授招

方天興：全天候運作
大型鋼鐵廠省電難！

　大馬五金建材機械商總會榮譽顧問丹斯里方天興坦言，鋼鐵廠要省電幾乎是不可能的事，全天候運作的大型工廠也不能說停就停，轉成夜班運作，否則逾千名員工何去何從？

　他指出，由于經濟低靡和市道不景氣，部分鋼鐵廠已經自動減產和裁員，並將工廠作業轉換成夜班。

　“由于白天電費較貴，晚上用電則較便宜，部分工廠若面對經濟困境，則會減產並轉至晚上作業；但一些熱門工廠需24小時運作供應出口需求，則不能說停就停，必須有全盤計劃。”

　方天興也是柏華嘉鋼鐵廠私人有限公司董事。他今日針對國能發文告建議省電方式，接受《中國報》電訪時說，一些產量龐大的大型工廠在競爭激烈下，不可能轉型成為夜班運作。

　他舉例，一家工廠若有1500人在白天工作，這些員工都將沒工作，老闆卻還要支付薪水，這是不可能的事。

　詢及其本身也有經營鋼鐵廠，可如何配合國能節約省電一事，方天興直言，鋼鐵廠是不可能省電的，並重申若鋼鐵廠要減少成本開銷，一般都會減產和裁員。

RM305,627,234

http://xw.qq.com/stock/20160311019818
钢铁行业：需求托底稳增长 深化结构改

　　需求托底稳增长、深化结构改革,预计本周钢价走势偏强
　　《政府工作报告》强调需求侧托底保持经济中高速增长,供给侧攻坚深化结构性改革。稳增长压力下基建和地产建设进程提速有望释放钢材需求;明确去产能的要求和措施,并加大环保压力倒逼过剩产能出清,还就供给端质量方面提出相关要求和配套措施,钢铁行业供给端将持续优化。随着退出方式、配套资金、债务处理、人员安置、盘活土地相关政策逐步落地,过剩产能有望加速“出清”,供给侧结构性改革将是钢铁行业2016年最重要的投资主题之一; 钢企改革和转型过程中,特钢将在军工、核电、航天航空、汽车、高铁等领域承担重任,新粤浙线获批标志着油气管网建设再次加速,特钢和钢管领域的投资机会值得重点关注。我们维持钢铁行业“买入”评级,重点推荐低估值龙头、有转型预期、有土地资源和业绩明确的公司,重视供给侧该给、一带一路、京津冀一体化等主题性投资机会。广发钢铁组合:八一钢铁(20%)、首钢股份(20%)、宝钢股份(20%)、玉龙股份(20%)、久立特材(20%)。
　　原料：原料市场以涨为主
　　本周国内铁精粉均价402.19元/吨,较上周上涨13.16元/吨;青岛港进口矿均价375.0元/吨,较上周上涨12.5元/吨;唐山废钢1120元/吨,较上周上涨60 元/吨;唐山方坯1780元/吨,较上周上涨90元/吨。
　　钢价：钢价显著上涨,预计本周钢价走势偏强
　　本周国内钢价综合指数为79.8,周环比上涨3.38%,其中长材价格指数上涨2.62%,扁平材价格指数上涨4.24%,分别收于86.56、73.33。螺纹钢主力合约(1605)收盘价1987元/吨,涨幅为3.38%,期现货价差为-75元/吨。
　　盈利：主要钢材品种全面回升
　　在考虑半个月原料库存条件下,我们估算目前螺纹钢毛利-61.54元/吨;线材毛利约-6.32元/吨;热卷毛利-90.97元/吨;中厚板毛利-113.88元/吨;冷轧板毛利约-203.64元/吨;镀锌板毛利-391.59元/吨;不锈钢吨钢毛利1105.13元/吨。
　　社会库存：总量微幅上升,各品种互有升降
　　3月4日,钢材社会库存1257.31万吨,周环比上升0.43%,同比上升4.41%。其中螺纹钢库存周环比上升2.39%;线材库存周环比下降1.68%,热卷库存周环比上升0.60%;中板库存周环比下降5.68%;冷轧板库存周环比下降1.77%。

http://m.sohu.com/n/440050952/?_trans_=000115_3w

Be patient, bro. :)

http://www.nanyang.com/node/751461?tid=460
黄汉川： 增强竞争力 进口钢价合理利中小企 2016-03-08 08:56

http://3g.163.com/touch/article.html?docid=BHKUA0HM00014JB6&qd=pc_adaptation

http://blog.sina.cn/dpool/blog/s/blog_a1c723e00102wa5e.html?tj=fina

investor99, finally lioncor wake up.
congratulations...

investor99, agree with u.
lioncor is pending good news.
If it can exit PN17 finally and if long term steel industry is recover.
i think lioncor will eventually rebound.
1st thing is to exit PN17 status.

investor99, hopefully lioncor also up.
Steel stocks around the world all rebound follow the positive news from China (steel policy).
lioncor just need catalyst (investor and spv may be) to up.
Just need to be patient.

http://m.4-traders.com/SOUTHERN-STEEL-BERHAD-6491741/news/Southern-Steel-Berhad-Hot-rolled-coil-set-to-boost-Southern-Steel-21392889/
Last time, Megasteel was the sole producer for HRC in Malaysia.
Recently southern steel started producing HRC but the quantity is relatively small compared to Megasteel.
Lioncor and Liondiv own 78.89% and 21.11% respectively in Megasteel.

http://biz.sinchew.com.my/node/132534
鋼鐵公司受突擊‧戶頭遭凍結 2016-03-05 16:22

http://www.thestar.com.my/business/business-news/2016/03/03/msa-criticises-industry-wide-raids-on-steel-importers/

KUALA LUMPUR: Malaysia Steel Association (MSA) has criticised the way the authorities had carried out the recent industry-wide raid on steel product importers.

The association said in a statement that the authorities, checking on import irregularity, employed “heavy-handed tactic which have received wide national press coverage” that would tarnish the reputation of the raided companies before the due process of the law could be accorded to them.

“Such a high profile operation will unjustly exacerbate the negative sentiments towards the industry,” MSA said in a statement issued on its behalf by the Lion group.

The association, whose president is Tan Sri William Cheng, said it viewed with concern that the steel companies were raided by the authorities which were “heavily armed.”

“Some of these companies have had their bank accounts frozen and their staff had their mobile phones confiscated. MSA believes that as bona fide manufacturers, the steel companies have been abiding by the import rules and regulations, and will continue to cooperate with the authorities,” the association said.

It noted that the steel industry had contributed greatly towards nationbuilding in the last 60 years, and to date the steel industry had saved the country billions of ringgit in foreign exchange by substituting imports with locally produced steel products.

A business daily had reported that the Malaysian Iron and Steel Industry Federation (Misif) lodged a complaint with the Finance Ministry over the industry-wide audit. Since the report’s publication, a few of the listed steel companies had informed Bursa Malaysia that they were among the raided firms.

http://www.orientaldaily.com.my/nation/gnmisif
討论审查钢铁公司问题　蔡智勇会见MISIF和大马皇家关税局总监

（吉隆坡2日讯 ）財政部副部长拿督蔡智勇今日在財政部会见大马钢铁工业联合会（MISIF）代表和大马皇家关税局总监，討论关税局最近审查钢铁公司引发的问题。

经过会谈后，双方同意將寻求以更適当的方式，来进行有关的审查工作，確保它不会干扰钢铁业的操作，同时又不会影响关税局履行其职责。

大马钢铁工业联合会表明，將给予关税局全面配合，提供必需的资料，让关税局能顺利和尽快的完成审查工作。关税局则声明，会深入的探討和处理钢铁公司，在接受审查后所面对的各种问题，以及钢铁业提出的要求。

另一方面，马来西亚钢材五金商会（MSMDA）针对最近总检查署旗下国家税收復甦队伍(NRRET)、大马关税局、大马公司委员会及大马皇家警察合作展开的「钢铁行动」（Operasi Besi）中，以反洗黑钱法令及反资助恐怖份子法令，突击检查了多间钢铁公司和厂家的行动，表示极度关注。

大马钢材五金商会发表文告指出，这项严厉的检举逃税行动，包括其中部分公司的银行户头被冻结，对这些公司的正常工作和操作带来困扰，也对这个行业形象，带来一些负面的影响和打击。

文告说，该会日前接到会员投诉后，紧急召开了会议，瞭解有关事项后，大家都表示没有反对任何查检的行动，也愿意配合调查行动，希望当局以较友善、较温和的形式调查。

该会认为，如果是检举逃税、漏税的行动，只需引用1967年关税法令调查即可，而不是用粗暴的手段执行，造成业者人心惶惶。

商会也决定上书有关部门，要求对话，寻求尽快解决，避免目前正处於寒冬的钢铁业受到进一步的打击。

据悉，在目前为止已经有10多间钢铁公司，包括多家上市公司被检举。

http://www.thestar.com.my/news/nation/2015/08/25/nrret-rebranded-task-force/
AGC: NRRET a rebranding of existing task force, not involved in 1MDB investigation

PETALING JAYA: The current task force investigating money-related offenses is not new and is merely a rebranding of an existing one which has been around since 2011, says the Attorney-General's Chambers (AGC).

"The National Revenue Recovery Enforcement Team (NRRET), is not a new task force but is a rebranding of the previous Special Task Force that has been in existence since 2011," the AGC said in a statement Tuesday.

"The aims of NRRET remain the same, which is to assist the Government in dealing with ... evasion of customs duties and tax by individuals and corporate bodies; smuggling activities; misuse of subsidised goods; illegal outflow of funds and acts of corruption which result in the abovementioned activities," the AGC said.

It also clarified that the NRRET would not in any way be involved in investigating 1Malaysia Development Berhad or its related companies.

The NRRET is made up of the AGC; Royal Malaysian Police Force; Malaysian Anti-Corruption Commission; Bank Negara Malaysia; Inland Revenue Department; Customs Department; Domestic Trade, Cooperatives and Consumerism Ministry; and the Companies Commission of Malaysia.

"NRRET primarily streamlines and coordinates the integrated multi-agency enforcement actions with regards to the aforementioned issues," added the AGC.

The rebranding exercise was taken after new Attorney-General Tan Sri Apandi Ali assumed office late last month.

http://www.nanyang.com/node/750612?tid=460
五金商会抗议反洗黑钱法检举逃税 “高压性”执法打击钢铁商

（吉隆坡1日讯）马来西亚钢材五金商会（MSMDA）希望我国执法当局四造在近来合作进行的“钢铁行动”（Operasi Besi）中能以较友善和较温和的形式展开调查，而非以反洗黑钱及反恐怖主义融资法令这种“高压性”的突击行动来打击我国多间钢铁公司和厂家。

随着大马钢铁工业联合会（MISIF）向财政部投诉，指大马皇家关税局等单位用过于严厉和高压的方式，对会员进行审计调查后，大马钢材五金商会今日也发文告表达商会对此事的极高关注。

商会针对近来由总检察署所成立的“国家税收追收执法组”（NRRET）、大马关税局、大马公司委员会及大马皇家警察四造所合作进行的“钢铁行动”中，以反洗黑钱法令及反恐怖主义融资法令突击检查了多间钢铁公司和厂家的高压性行动，表示极度关注。

部分公司户头被冻结
“据知，目前为止已有10多间钢铁公司，包括多家上市公司被检举。这项严厉的检举逃税行动，包括其中部分公司的银行户头被冻结，对这些公司的正常工作和操作带来困扰，也对这个行业形象带来负面的影响和打击。”

该商会指出，他们日前接到会员投诉后，就紧急召开会议，了解有关事宜，也传达该会会员对执法当局行动的观点。

“大家都表示没有反对任何查检的行动，也愿意配合调查行动，希望当局以较友善、较温和的形式调查。”

该商会认为，如果是执法当局是要检举公司的逃税或漏税行动，只需援引1967年关税局法令调查即可，而不是用粗暴的手段执行，造成业者人心惶惶。

“商会也决定上书有关部门，要求对话，寻求尽快解决，避免目前正处于寒冬的钢铁业受到进一步的打击。”

蔡智勇允见两造了解情况

（八打灵再也1日讯）财政部副部长拿督蔡智勇透露，他将在近期内召见大马钢铁工业联合会（MISIF），同时与关税局官员会商，以便了解且处理该联合会日前投诉大马皇家关税局等单位对钢铁公司采取严厉和高压的审计方式。

蔡智勇是于今日通过新闻助理向《南洋商报》传达有关信息。

MISIF在提呈给蔡智勇的信函中指出，大马皇家关税局等单位上周向整体钢铁领域展开的审计活动，拖累业者的银行户头遭到冻结，甚至连业者的手机也遭没收，并指有关单位无须动用到反洗黑钱法令（AMLA），这如此高压的手段来审计业者。

已搜查12公司
目前，这项行动已突击搜查了12名MISIF会员，当中6家是上市公司。

在这项行动受到搜查公司，分别有协德（HIAPTEK，5072，主板工业产品股）子公司Alpine管道制造和协德硬体公司、华商控股（WASEONG，5142，主板工业产品股）子公司PPI工业公司、安裕资源（ANNJOO，6556，主板工业产品股）子公司安裕钢铁和Anshin钢铁服务中心公司。

其他公司还包括鸿达资源（PRESTAR，9873，主板工业产品股）子公司Tashin钢铁与鸿达钢铁管道公司，以及南达钢铁（SSTEEL，5665，主板工业产品股）子公司南达管道工业公司。

报道： 郭美裙

http://www.utusan.com.my/berita/nasional/pelabuhan-utama-tiada-mesin-pengimbas-1.195438
Pelabuhan utama tiada mesin pengimbas
29 Februari 2016 6:00 PM

Kerugian berbilion ringgit yang ditanggung oleh kerajaan akibat memanipulasi sistem oleh sesetengah syarikat pengimport besi mampu dielakkan jika pintu masuk atau pelabuhan utama di negara ini mempunyai kawalan yang ketat. Persoalannya apa sebenarnya yang berlaku sehingga ia memungkinkan sesetengah syarikat pengimport begitu mudah melakukan penipuan tersebut sehingga ia menyebabkan negara hilang hasil pendapatan melalui industri pengimportan besi.
Dalam BAHAGIAN AKHIR laporan khas ini, wartawan Utusan Malaysia, ZULKIFLEE BAKAR dan MOHAMMAD YASIR JAAFAR mendedahkan punca penipuan itu boleh berlaku.

KUALA LUMPUR 28 Feb. - Ketiadaan dan kekurangan kemudahan mesin pengimbas terutamanya di pelabuhan utama di negara ini menjadi punca kegiatan mengelak pembayaran duti termasuk aktiviti penyeludupan sukar dibendung.

Menurut sumber, mesin pe­ngimbas sedia ada di pelabuhan terbabit kebanyakannya tidak berfungsi, rosak dan terlalu usang.

“Malah ada juga pelabuhan utama di negara ini didapati tidak dilengkapi dengan mesin berkenaan sekali gus menyukarkan proses pemeriksaan terutamanya kepada anggota penguat kuasa.

“Ketiadaan kemudahan mesin tersebut memaksa anggota penguat kuasa terpaksa menjalankan pemeriksaan secara manual yang akan memakan masa lama untuk sesebuah kontena,” katanya kepada Utusan Malaysia baru-baru ini.

Katanya, pemeriksaan tidak dapat dijalankan secara efisien tanpa kemudahan mesin pengimbas berkenaan apatah lagi dengan jumlah anggota penguat kuasa yang terhad.

“Bayangkan untuk satu syif sahaja, lebih kurang 1,000 kontena masuk ke pelabuhan dan satu hari mereka mempunyai tiga syif bermakna 3,000 kontena masuk sehari.

“Secara kasar, sekiranya 3,000 kontena sehari dihitung dengan 25 hari bekerja, ini bermakna 60,000 kontena sebulan masuk ke pelabuhan,” katanya.

Jelas sumber, adalah agak sukar bagi sekumpulan anggota untuk memeriksa kesemua kontena terbabit secara manual yang sekurang-kurangnya memakan masa berjam-jam untuk memeriksa satu kontena.

“Maka inilah senario yang berlaku di pelabuhan dan tidak mustahil aktiviti penyeludupan termasuk kegiatan mengelak pembayaran duti kerajaan berlaku dalam industri mengimport ini.

“Apa yang kita bimbangkan adalah tanpa kemudahan ini, barangan haram seperti dadah serta senjata turut boleh diseludup masuk dengan mudah melalui pelabuhan,” katanya.

Tambah sumber itu, sekiranya pelabuhan utama di negara ini dilengkapi dengan kemudahan sistem berkenaan ia sekurang-kurangnya dapat membendung kegiatan yang menyalahi undang-undang tersebut.

“Jika ada mesin pengimbas ini, anggota penguat kuasa sudah boleh mengenal pasti kontena yang meragukan sebelum diarahkan untuk menjalani pemeriksaan secara lebih teliti (manual),” jelasnya.

Yes. According to the news these few days, it's mainly HRC product.

http://www.nanyang.com/node/750510?tid=462
冻结户头没收手机 钢铁业投诉查税过激

（吉隆坡29日讯）大马钢铁工业联合会（MISIF）向财政部投诉，指大马皇家关税局等单位用过于严厉和高压的方式，对会员进行审计调查。

MISIF在提呈给财政部副部长拿督蔡智勇的信函中指出，上周向整体钢铁领域展开的稽查活动，拖累业者的银行户头遭到冻结，甚至连手机也被没收。

“截至目前，这项行动已突击搜查了12名MISIF会员，当中6家是上市公司。”

MISIF续称，旗下会员都是营运了很多年的制造商，而且也是持续为国家经济带来长年贡献的合法商家，因此，这些业者的公司不会“潜逃”。

不应动用反洗黑钱法令
“由此，初步审计调查行动，应该是在1967年关税法令底下进行，并不需要使用高压手段，也不应动用到反洗黑钱法令（AMLA）。”

基于这些理由，MISIF希望蔡智勇能为相关问题提供协助与关注，尤其是钢铁公司银行户头被冻结的困境。

在这项行动受到搜查公司，分别有协德（HIAPTEK，5072，主板工业产品股）子公司Alpine管道制造和协德硬体公司，华商控股（WASEONG，5142，主板工业产品股）子公司PPI工业公司，安裕资源（ANNJOO，6556，主板工业产品股）子公司安裕钢铁和Anshin钢铁服务中心公司。

其他公司还包括鸿达资源（PRESTAR，9873，主板工业产品股）子公司Tashin钢铁与鸿达钢铁管道公司，以及南达钢铁（SSTEEL，5665，主板工业产品股）子公司南达管道工业公司。

http://www.utusan.com.my/berita/nasional/8216-perangi-8217-perbuatan-sabotaj-ekonomi-1.195439
‘Perangi’ perbuatan sabotaj ekonomi

KUALA LUMPUR 28 Feb. – Tindakan sesetengah syarikat pengimport besi yang memanipulasi syarat dan sistem pengimportan dengan tujuan mengelak membayar duti antilambakan komoditi berkenaan mampu melumpuhkan industri besi tempatan.

Sehubungan itu kerajaan tidak harus memandang ringan kegiatan haram tersebut kerana ia bukan sahaja mendatangkan kerugian kepada hasil pendapatan negara tetapi juga menjejaskan industri besi sehingga memungkinkan ada syarikat tempatan gulung tikar.

Justeru beberapa pihak yang terlibat dalam industri besi berpendapat, ketegasan yang ditunjukkan oleh Pasukan Penguatkuasa Pemulihan Hasil Negara (NRRET) Jabatan Peguam Negara dengan melakukan serbuan ke atas syarikat terlibat adalah tepat dan kena pada masanya.

“Operasi seumpama itu yang turut disertai oleh beberapa agensi lain perlu dipertingkat dari semasa ke semasa bagi memastikan tidak ada mana-mana syarikat cuba mengaut keuntungan yang boleh ‘melumpuhkan’ industri besi tempatan,” kata satu sumber yang terlibat dalam industri pengimportan.

Menurut sumber itu, adalah sesuatu yang malang jika kerajaan terpaksa mengalami kerugian berbilion-bilion ringgit akibat sikap tamak dan tidak bertanggungjawab sesetengah syarikat pengimport besi.
“Kalau melihat kepada modus operandi syarikat tersebut adalah jelas, selama ini kerajaan sudah mengalami kerugian berbilion-bilion ringgit perbuatan manipulasi yang mereka lakukan,” katanya.

Menjawab satu soalan, sumber itu berkata, mana-mana pihak tidak boleh menuding jari menyalahkan Jabatan Kastam Diraja Malaysia (JKDM) terhadap apa yang berlaku, sebaliknya perlu mencari jalan bagi menghalang sikap tidak bertanggungjawab syarikat terlibat.

“Bukan sahaja dalam industri besi, malah perbuatan memanipulasi pengisytiharan barangan yang diimport juga didakwa berlaku dalam industri lain. Tetapi takkanlah segala-galanya mahu dipersalahkan kepada JKDM.
“Jabatan itu bukan bertanggungjawab mengawasi industri besi sahaja sebaliknya semua barangan. Dengan jumlah anggota yang terhad sudah pastilah ada keterbatasan bagi JKDM membanteras perbuatan manipulasi tersebut,” kata sumber itu.

Atas sebab itulah, sumber tersebut menyokong penuh tindakan NRRET yang melakukan koordinasi dengan JKDM bagi membanteras kegiatan berkenaan kerana apa yang dilakukan oleh sesetengah syarikat besi itu juga boleh disifatkan sebagai perbuatan mensabotaj ekonomi negara.

“NRRET perlu terus diberi ruang untuk bertindak bagi memastikan hasil negara tidak tiris atau sengaja ditiriskan oleh sesetengah syarikat pengimport yang tidak bertanggungjawab di negara ini,” kata sumber itu lagi.

http://www.theedgemarkets.com/my/article/customs-taken-custody-shipping-accounting-records-ann-joos-units
Customs taken custody of shipping, accounting records of Ann Joo's units

KUALA LUMPUR (Feb 29): Ann Joo Resources Bhd announced today that the Royal Malaysian Customs Department had, on Feb 24, inspected and taken custody of certain shipping and accounting records relating to the importation of hot-rolled coil (HRC) from its subsidiaries.

The subsidiaries are Ann Joo Metal Sdn Bhd (AJM), Anshin Steel Service Centre Sdn Bhd (ASSC), and Anshin Steel Processor Sdn Bhd (ASP), according to Ann Joo's bourse filing today.

"The purpose of audit and investigation was not officially informed by the Customs. None of the accounts of AJM, ASSC and ASP have been frozen by the Customs," it said.

"The documents that have been taken do not affect the operations of the group and the company is of the opinion that there is no financial impact. The company will continue to extend its cooperation to the Customs on the investigations," Ann Joo said.

The disclosure to the exchange came after The Edge Financial Daily reported today that the Malaysian Iron and Steel Industry Federation (Misif) has lodged a complaint with the Ministry of Finance (MoF) on concerns raised by its members regarding the industry-wide audit of the steel industry last week that was conducted in a high-handed manner.

In a letter addressed to Deputy Finance Minister Datuk Chua Tee Yong, Misif noted that the industry-wide audit, which had so far raided 12 of its members including six listed companies, had resulted in the freezing of bank accounts and confiscation of mobile phones.

Apart from Ann Joo, Wah Seong Corp Bhd and the Amalgamated Industrial Steel Bhd (AISB) also made similar disclosures to the bourse today.

Wah Seong said its indirect wholly-owned subsidiary PPI Industries Sdn Bhd was subjected to the steel related industry-wide audit visits conducted by Customs, the Royal Malaysia Police, the MoF and the Attorney General's Chambers of Malaysia on Feb 23.

The audit was conducted at PPI's business premises in Penang, which saw Customs taking custody of certain records and documents of PPI; some of PPI's bank accounts had also been temporarily frozen to facilitate Custom's audit and investigation.

"PPI had extended and will continue to extend its fullest cooperation to the Customs to resolve the matter as expeditiously as possible. The group is committed [to] ensuring compliance with all relevant laws and regulations," Wah Seong said.

However, Wah Seong assured that PPI's business operation is ongoing as usual and that the audit and investigation by Customs do not have any material implication on the financial and operation of PPI, or on the group, as a whole.

AISB, on the other hand, also said Customs had visited its premises to conduct the audit for about two hours on Feb 24.

"The Customs has taken custody of certain documents pertaining to two importations of HRC for further verification. There were no further actions taken by the Customs, pending their feedback at a later stage.

"Since the company's bank account is not frozen and its business operates as usual, the business operations of the company will not be materially affected," AISB added.

Hiap Teck Venture Sdn Bhd, in a bourse filing last week, had also shared that Customs had taken custody of certain documents of two of its subsidiaries and frozen the bank account of one of the two subsidiaries "for purposes of audit and investigation".

Hiap Teck had said it was seeking legal advice on the matter.

I think lioncor will only have motion IF ONLY good news announced (such as new investor confirmed join in, SPV, ...).

http://www.utusan.com.my/berita/jenayah/pelbagai-taktik-lari-8232-duti-antilambakan-1.195028
Pelbagai taktik lari 
duti antilambakan

KUALA LUMPUR 27 Feb. – Pelbagai kaedah digunakan oleh sesetengah syarikat pengimport besi di negara ini bagi memanipulasi sistem serta syarat mengimport bahan ber­kenaan demi mengelakkan daripada membayar duti anti-lambakan.

Menurut sumber, kebanyakan modus operandi digunakan menjurus kepada tidak mengisytiharkan jenis besi sebenar yang diimport supaya tidak dikenakan duti berkenaan.
“Pertama dengan menurunkan harga besi yang diimport menggunakan kod atau tarif besi yang tidak dikenakan duti anti-lambakan. Ini bermakna syarikat terbabit tidak perlu bayar duti anti-lambakan sebaliknya hanya perlu membayar cukai import selain cukai barang dan perkhidmatan (GST).

“Kedua, syarikat terbabit mengisytiharkan besi diimport tidak tergolong dalam besi yang sepatutnya dikenakan duti anti-lambakan,” katanya kepada Mingguan Malaysia baru-baru ini.

Jelas sumber berkenaan, antara cara lain adalah dengan memanipulasi dokumen termasuk sijil perakuan bahan besi dengan menyatakan bahawa besi yang diimport bukan bahan komoditi yang sepatutnya dikenakan duti anti-lambakan.
“Cara ini turut melibatkan proses memanipulasi dokumen kandungan besi yang secara tidak langsung akan membolehkan syarikat berkenaan membayar kadar duti yang lebih murah daripada peratus yang ditetapkan.
“Pada kebiasaannya, dalam 10 kali urusan mengimport dilakukan tiga kali mereka akan guna cara ini dan ada kalanya menipu terus,” ujarnya.

Kata sumber, kaedah lain turut melibatkan helah `kontena AB’ yang mana barang diistiyharkan kepada pihak berkuasa berbeza daripada barangan diimport.
“Sebagai contoh import barang A iaitu keluli tahan karat tetapi yang diisytiharkan adalah aluminium iaitu jenis besi yang tidak dikenakan duti anti-lambakan. Taktik ini turut digunakan untuk kegiatan penyeludupan bahan-bahan lain termasuk yang berduti tinggi seperti rokok dan minuman keras,” katanya.

Tambah sumber, selain itu, antara cara lain adalah dengan me­nyalahgunakan pengecualian duti anti-lambakan yang dikeluarkan Lembaga Pembangunan Pelaburan Malaysia (MIDA).
“MIDA ada mengeluarkan pe­ngecualian kepada segelintir syarikat pe­ngimport besi yang memohon, namun pengecualian itu mempunyai jumlah besi termasuk tempoh ditetapkan.
“Sebaliknya syarikat terlibat menyalahgunakan dengan membawa masuk lebih daripada jumlah dibenarkan serta melangkaui had masa ditetapkan,” jelas sumber itu.