Posted by investor99 > 2015-12-17 00:05 | Report Abuse

https://www.nanyang.com/node/739254?tid=462

Posted by investor99 > 2015-12-20 01:23 | Report Abuse

http://www.thestar.com.my/business/business-news/2015/12/19/short-position/?style=biz

Posted by investor99 > 2015-12-23 00:43 | Report Abuse

http://www.orientaldaily.com.my/business/cjspv1

2015年12月22日
政府擬设SPV进口热扎钢捲
（吉隆坡22日讯）大马国际贸易及工业部（MITI）正在研究设立特別用途机构（SPV），以进口热扎钢卷，及下游產品的建议。

贸工部长拿督斯里慕斯达法透露，经过与相关单位多番討论之后，政府仍在斟酌有关事项。

「首先，我们必须向所有利益的相关人士及单位寻求意见，这非常重要，因为我们得获得他们的支持。」

他是在出席2015年轻创业家大会的推介仪式后，对记者发表谈话。

慕斯达化表示，有关事项尚未在更高层次的会议中提呈，因为贸工部仍在进行研究。他指出，「我们不可仓促做决定，因为它將影响深远。」

根据媒体报道，美嘉钢铁私人有限公司（Mega Steel）早前建议设立一家特別用途机构，作为热扎钢捲及下游產品的独家进口机构。

美嘉钢铁私人有限公司是金狮机构（LIONCOR，3581，主板工业股）子公司。

马来西亚钢铁工业联合会强烈反对美嘉钢铁私人有限公司，成立该特殊用途公司的建议，並直言该不健全的建议，是荒谬的，一旦实施，將造成大马钢铁领域无法弥补的损失。

马来西亚钢铁工业联合会的文告指，美嘉钢铁所提出的建议，违反2010年大马竞爭法令及带来信息保密性的风险。

同时，也质疑特殊用途机构，无法应付国內数百个不同背景（生產商、贸易商等），分佈在不同地理位置的商家的需求，倘若美嘉钢铁成为独家进口商，料无法及时交货，必然扰乱整个钢铁领域生產和製造业活动。

此外，实施这项建议，不但导致整个钢铁领域受到威胁，也將对其他关联领域引起不良连锁反应，如运输业、电子电器、建造业等。

Posted by investor99 > 2015-12-23 00:43 | Report Abuse

is that consider good news for lioncor?

Posted by investor99 > 2015-12-23 00:46 | Report Abuse

next moth is the deadline for lioncor to summit restructuring plan , is that spv will safe megasteel & lioncor?

Posted by sharkeatapple > 2015-12-23 09:24 | Report Abuse

If it is formed eventually, i think yes

Posted by sharkeatapple > 2015-12-23 11:30 | Report Abuse

http://www.theedgemarkets.com/my/article/miti-confirms-receipt-megasteel%E2%80%99s-spv-proposal
Miti confirms receipt of Megasteel’s SPV proposal
This article first appeared in The Edge Financial Daily, on December 23, 2015.

KUALA LUMPUR: The government yesterday confirmed that it had received a proposal from Megasteel Sdn Bhd to set up a special purpose vehicle (SPV) solely to import hot rolled coils (HRCs) and downstream products into Malaysia.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said his ministry is still reviewing the proposal and gathering feedback from all stakeholders.

“We have received the proposal on this matter. It is still being discussed, and it is not a small thing. Whether any parties agree or disagree, it will have a huge impact on the industry,” he told reporters after launching the Young Entrepreneurs Congress 2015 here yesterday.

“But we welcome any suggestions to strengthen the steel industry,” he added.

Mustapa declined to provide any timeline on when the matter will be finalised.

“Once the ministry has finalised the discussions, then it will be brought to the next level,” he said, adding that the finalised decision at the ministry’s level will be presented to the cabinet for approval.

The Edge Financial Daily on Dec 11 reported on a scheduled meeting between Megasteel and senior government officials to propose the setting up of a SPV solely to import HRCs and downstream products into Malaysia.

Three models were expected to be proposed by Megasteel, one of which involved the government taking a 60% equity interest in the SPV and the rest by Megasteel.

On Dec 11, Malaysian Iron and Steel Industry Federation (Misif) president Datuk Soh Thian Lai came out strongly against the move, saying the proposal was “neither feasible nor implementable and will cause irreparable damage to the whole Malaysian iron and steel industry”.

He said the establishment of a SPV will infringe the Malaysian Competition Act 2010, and that the confidentiality of users’ information is at risk as the SPV will know who is the foreign producer and the pricing, creating an unfair advantage for Megasteel over the other product manufacturers.

In response, Megasteel on Dec 15 issued a statement against Misif, saying that the federation was “very short-sighted in objecting to well-meaning petitions to safeguard the Malaysian steel industry”.

It said Misif’s views were not an accurate reflection of the needs of the steel industry.

In the face of oversupply and the depressed steel market and prices, Megasteel had repeatedly pointed out that it had been suffering losses for several years due to rampant importation of steel products into the country at dumping prices.

Apart from Megasteel, Southern Steel Bhd ( Valuation: 0.90, Fundamental: 0.00) is the other company producing HRCs in Malaysia, albeit on a smaller scale.

Posted by investor99 > 2015-12-23 13:35 | Report Abuse

https://www.nanyang.com/node/740414?tid=460

Posted by kipidap > 2015-12-23 15:36 | Report Abuse

Announcement from government on next month is about safeguard for megasteel on import coil. SPV is another proposal for long term bussiness strategy.

Am I right?

Posted by investor99 > 2015-12-28 20:46 | Report Abuse

http://www.nanyang.com/node/741171

Posted by koonbee9 > 2015-12-28 20:49 | Report Abuse

Parkson lose court case in China need to pay RM93 million

http://sharesinfo4u.com/archives/26369

William Cheng year 2015 犯太岁

Posted by investor99 > 2015-12-30 00:35 | Report Abuse

http://www.enanyang.my/news/20151229/%E9%92%A2%E9%93%81%E5%B7%A5%E8%81%94%E9%A9%B3%E7%BE%8E%E4%BD%B3-%E5%BE%81%E5%80%BE%E9%94%80%E7%A8%8E%E8%B5%B7%E4%BD%9C%E7%94%A8br-%E4%B8%AD%E5%8D%B0%E9%92%A2%E4%BB%B7%E5%BB%89%E6%B2%A1/

Posted by investor99 > 2016-01-03 17:54 | Report Abuse

http://www.pressreader.com/malaysia/utusan-borneo/20160103/282604556823521/TextView

Posted by investor99 > 2016-01-04 18:33 | Report Abuse

request extend again?????????????

Posted by investor99 > 2016-01-04 18:33 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4965609

Posted by sharkeatapple > 2016-01-04 19:09 | Report Abuse

________________________________________________________________________________________________
1 September 2015
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4854293
The Board of Directors of the Company wishes to announce that the application to Bursa Securities for an extension of time of up to 31 March 2016 for the Company to make the submission of the Regularisation Plan to the relevant authorities is currently pending the decision from Bursa Securities.
________________________________________________________________________________________________
2 October 2015
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4884329
On behalf of the Board of Directors of LCB, SJ Securities Sdn Bhd wishes to announce the following :
(i) The Company plans to submit the Regularisation Plan to the relevant authorities which is envisaged to involve Megasteel Sdn Bhd (“Megasteel”), a subsidiary of the Company principally involved in the manufacturing and sales of Hot Rolled Coils (“HRC”) and Cold Rolled Coils;
(ii) The Regularisation Plan would include the securing of potential investor(s) to strengthen the operational and financial position of Megasteel and the petition for the implementation of effective trade defense mechanism by the Government;
(iii) The Company will continue to engage with potential investor(s) with a view to considering investment in Megasteel and in this respect, discussions have been initiated with a party from Northeast Asia and it is still on-going; and
(iv) The Ministry of International Trade and Industry (“MITI”) has released a press statement on 11 September 2015 that the Government has decided to initiate a safeguard investigation on imports of HRC. In accordance with the Safeguards Act 2006 and its Regulations, the preliminary determination will be made within ninety (90) days from the date of commencement of the investigation. Further investigation would be carried out if a preliminary affirmative determination is made by the Government and during this time, the Government may impose a provisional safeguard duty on the imports of HRC, for the purpose of reducing the effects of serious injury to the domestic industry caused by the imports.
The application to Bursa Securities for an extension of time of up to 31 March 2016 for the Company to make the submission of the Regularisation Plan to the relevant authorities is currently pending the decision from Bursa Securities.
________________________________________________________________________________________________
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.
________________________________________________________________________________________________

Posted by sharkeatapple > 2016-01-04 19:13 | Report Abuse

________________________________________________________________________________________________
2 November 2015
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4909557
The Board of Directors of the Company wishes to announce that the Regularisation Plan would include the securing of potential investor(s) to strengthen the operational and financial position of Megasteel Sdn Bhd (“Megasteel”), a major subsidiary of the Company and the petition for the implementation of effective trade defense mechanism by the Government. The Company is continuing to engage with potential investor(s) with a view to considering the investment in Megasteel.
________________________________________________________________________________________________
1 December 2015
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4938793
The Board of Directors of the Company wishes to announce that the Company is continuing to engage with potential investor(s) with a view to considering investment in Megasteel to strengthen the operational and financial position of Megasteel. The Company is also following up closely on the petition for the implementation of effective trade defense mechanism by the Government. The Company will make the necessary announcement on the Regularisation Plan in accordance with the requirements under PN17 in due course.
________________________________________________________________________________________________

Posted by sharkeatapple > 2016-01-04 19:14 | Report Abuse

________________________________________________________________________________________________
4 January 2016
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4965609
The Board of Directors of the Company wishes to announce that the Company will submit an application to Bursa Securities for an extension of time for the Company to make the submission of the Regularisation Plan to the regulatory authorities in view that the Company will be continuing the engagement with potential investor(s) with a view to considering investment in Megasteel, and following up on the petition for the implementation of effective trade defense mechanism by the Government. The Company will make the necessary announcement on the Regularisation Plan in accordance with the requirements under PN17 in due course.
________________________________________________________________________________________________

Posted by investor99 > 2016-01-04 19:36 | Report Abuse

If keep request for extend, jus wait die only

Posted by investor99 > 2016-01-05 00:20 | Report Abuse

http://www.shangbaoindonesia.com/indonesia-finance/大马the-lion集团-将在我国兴建钢铁厂.html

Posted by investor99 > 2016-01-05 00:21 | Report Abuse

Lioncor will build a new big factory at Indonesia, means lioncor will give up megasteel and Lioncor malaysia ?

Posted by sharkeatapple > 2016-01-05 08:59 | Report Abuse

investor99, thanks for sharing the info.
The Lionmesh Prima's factory produce "wire rod", whereas Megasteel produce "HRC".

Posted by investor99 > 2016-01-06 15:43 | Report Abuse

Write a comment..sharkeatapple, u r welcome. Sharing is caring

Posted by investor99 > 2016-01-06 15:44 | Report Abuse

http://www.rx9188.com/gupiao/gushibidu/25460.html

China steel share up yesterday, how bout malaysia ?

Posted by sharkeatapple > 2016-01-07 11:23 | Report Abuse

investor99, tomorrow is the expected date for decision on safeguard duty petition.
Share price will up if the decision in favorable to Megasteel.
And vice versa.
The other factor is related to SPV, but no timeline on that.

Posted by investor99 > 2016-01-07 14:42 | Report Abuse

Sharkeatapple, seems like good news coming out ?

Posted by sharkeatapple > 2016-01-07 15:11 | Report Abuse

investor99, yes. It seems like. But still cant find any news online.
Anyone got news (not rumour) can share?

Posted by investor99 > 2016-01-07 16:03 | Report Abuse

Good news good news ?

Posted by investor99 > 2016-01-07 16:20 | Report Abuse

Maybe our government agree to up tax 20% but not 40%

Posted by kipidap > 2016-01-07 16:39 | Report Abuse

20% is still consider as good news. But, is that true?

Posted by investor99 > 2016-01-07 20:38 | Report Abuse

Kipidap, jus say say only, waiting tomorrow announce by miti

Posted by investor99 > 2016-01-08 08:52 | Report Abuse

Lioncor will get high volume transaction today?

Posted by sharkeatapple > 2016-01-08 22:19 | Report Abuse

http://www.theedgemarkets.com/my/article/megasteel-talks-lawyer-over-govts-move-terminate-safeguard-investigation

Posted by investor99 > 2016-01-09 00:26 | Report Abuse

Means game over for lioncor?

Posted by sharkeatapple > 2016-01-09 22:12 | Report Abuse

investor99, only insider knows.

Posted by investor99 > 2016-01-10 09:15 | Report Abuse

http://www.enanyang.my/news/20160110/贸工部初步裁决br-进口没威胁美佳钢铁/

Posted by kipidap > 2016-01-11 08:54 | Report Abuse

gonvernment will assist in another way?

Posted by sharkeatapple > 2016-01-11 09:40 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4885469
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.

Posted by sharkeatapple > 2016-01-11 09:41 | Report Abuse

Getting closer to 31 January 2016.

Posted by investor99 > 2016-01-11 09:46 | Report Abuse

Waiting for delisting? Or new investor join in?

Posted by sharkeatapple > 2016-01-11 09:48 | Report Abuse

Again, only insider knows.

Posted by kipidap > 2016-01-11 11:13 | Report Abuse

share price still maintain.. looks people still not worry

Posted by kipidap > 2016-01-11 11:19 | Report Abuse

Nevertheless, Megasteel claimed that the government, at a meeting with senior MITI officials yesterday (Jan 7), had indicated that the steel industry was a strategic industry and would pursue all possible avenues to assist Megasteel — albeit in other ways — in the absence of safeguard protection against imports.

- From http://www.theedgemarkets.com/my/article/megasteel-talks-lawyer-over-govts-move-terminate-safeguard-investigation

Posted by investor99 > 2016-01-11 18:54 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/01/11/megasteels-serious-injury-cannot-be-linked-to-hrc-imports/

Posted by investor99 > 2016-01-12 08:42 | Report Abuse

If really don't have new investor pump in capital for the restructuring plan, lioncor will delist end of this month ?

Posted by sharkeatapple > 2016-01-12 22:22 | Report Abuse

Investor99, i personally think the answer for your question above is "Yes".

Posted by investor99 > 2016-01-13 09:46 | Report Abuse

http://www.pressreader.com/malaysia/the-malaysian-reserve/20160112/281599534491565/TextView

Posted by kipidap > 2016-01-18 11:30 | Report Abuse

long time no see comment from "apanama"

Posted by kipidap > 2016-01-18 17:27 | Report Abuse

i guess lioncor will get another extension to submit their regularization plan

Posted by investor99 > 2016-01-19 00:52 | Report Abuse

Kipidap, pray for lioncor