Posted by sharkeatapple > 2016-04-18 20:14 | Report Abuse

KUALA LUMPUR (April 18): About 350 workers of Megasteel Sdn Bhd, who have been laid off temporarily, picketed in front of the company's factory in Banting today, demanding proper compensation or better lay-off benefits.

Mohd Amir Rapini, president of the Megasteel workers union, said Lion Corp Bhd senior manager for industrial relations Vasu Palaisamy met the workers and promised to respond to their requests by April 30.

"We have met with Vasu and he [takes] note [of] our requests and said he would discuss with [Lion Group Executive Chairman Tan Sri] William Cheng, and there will be a decision on April 30.

"If we are unhappy with the decision, we will picket again on May 9," Amir told theedgemarkets.com.

Megasteel is a 79%-owned subsidiary of Lion Corp.

Amir said the workers have put forward three options to the company, including the payment of compensation based on the years of service, according to the collective agreement with the union.

Secondly, he said, the company can choose to pay the workers more than 50% of their salary, or at least RM900, a month.

The third option is for the workers to be allowed to work for other factories but remain entitled to the lay-off payment.

Amir said about 600 workers have been temporary laid off since Jan 1 and have been receiving half month salaries since then. Their full salary ranged from RM1,000 to RM1,800.

He said the workers, armed with placards that read "Tan Sri Willian Cheng, we want compensation, we reject lay-off", had gathered in front of the factory at about 9.30am.

This is the second picket by the affected workers, following one on April 11 when the union was unsuccessful in meeting the management to discuss the compensation.

Amir added that the company has promised to take them back to work if the factory is up and running again.

However, the management did not indicate how long the lay-off will last and their livelihood is severely affected, he said.

Megasteel, Malaysia's largest hot-rolled coil producer, has suffered RM1.24 billion in losses for the three-year period from 2012 to 2014 due to excessive cheap imports from China.

Megasteel submitted a petition to the Ministry of International Trade and Industry on the matter in July 2015. It argued that the excessive imports have greatly reduced its local orders and its production level.

However, on Jan 8 this year, the ministry terminated its investigation as it found that the increase in imports of the product in 2014 was deemed not significant and has not caused, and is not threatening to cause, serious injury to the domestic industry.

Posted by sheep > 2016-04-18 20:46 | Report Abuse

OMG! down again tomorrow

Posted by sharkeatapple > 2016-04-18 20:56 | Report Abuse

http://www.thestar.com.my/news/nation/2016/04/18/megasteel-workers-were-briefed-on-business-challenges/

Posted by investor99 > 2016-04-18 21:17 | Report Abuse

price will move up jus if Regularisation Plan announce

Posted by sharkeatapple > 2016-04-18 21:48 | Report Abuse

Yes, but when is/will it be Regularisation Plan will be announced?

Posted by investor99 > 2016-04-19 08:23 | Report Abuse

Sharkeatapple, RM3, 000, 000, 000 debt, really not easy for work out a regularisation plan. Possible for a new investor to pump in this huge capital ? Even build up another new megasteel factory also no need rm30b right ?

Posted by investor99 > 2016-04-19 09:18 | Report Abuse

So huge volume this early morning ?

Posted by sharkeatapple > 2016-04-19 09:23 | Report Abuse

Investor99, that's what exactly i m trying to say: not easy yo come out the plan (when/will it be?).
Hopefully goverment can lend a helping hand.
By doing so can save a lot of jobs too.
One way i guess is government take some stake in and implement spv.
Hahaha...

Posted by sharkeatapple > 2016-04-19 09:24 | Report Abuse

Hi volumn with price up is good sign. Haha.

Posted by sharkeatapple > 2016-04-19 11:15 | Report Abuse

http://www.theedgemarkets.com/my/article/loss-making-megasteel-cuts-workforce-half

KUALA LUMPUR: Hit hard by low prices and dumping by foreign producers, troubled steel manufacturer Megasteel Sdn Bhd has resorted to reducing its workforce by half.

The country’s largest hot-rolled coil producer said it has since January laid off 487 workers (including 99 foreigners) and retrenched 102 from its total workforce of 1,148.

“The company has organised several town-hall sessions with its employees to brief and engage them on the business challenges and the unavoidable decision to lay off and retrench employees.

“It is also providing support and training for the employees to seek alternate employment,” Megasteel said in a statement to The Edge Financial Daily yesterday.

The company said it has sought the assistance of the Labour Department and other companies for job placements of its employees.

“It is noted that the overall job market is not so encouraging at the moment with other industries also affected by poor sales and low production levels,” it added.

Megasteel, a 79%-owned subsidiary of the Lion Corp Bhd, has been bleeding red since 2011. Its revenue for financial year ended June 30, 2015 (FY15) was RM1.89 billion with a loss before tax of RM595 million. Its accumulated losses as at FY15 were RM2.4 billion.

It attributed the losses to the dumping of steel products in the domestic market by foreign steel producers, as well as the global steel glut and drop in steel prices.

Megasteel said its production is currently nil. Its output in 2015 was 613,000 tonnes, a drop of 53.6% compared with the 2011 production of 1.32 million tonnes.

Megasteel’s workers’ union president Mohd Amir Rapini said the laid-off employees are being paid half their basic salary since January.

They were told to be on standby to resume duties but to date there is no indication that they would get to go back to work.

In light of this, about 350 workers picketed at the Megasteeel factory in Banting yesterday, seeking compensation as provided for under their collective agreement.

Alternatively, the workers are demanding that they be paid a monthly lay-off payment of more than 50% of their basic salary, or be allowed to take up other jobs, while remaining entitled to the lay-off benefits.

A Megasteel official who met the workers promised to respond to their demand by April 30, said Mohd Amir.

Megasteel said the government is aware of the developments affecting the steel industry.

“We have provided information on the lay-off and retrenchment of our employees to the ministry of international trade and industry and Malaysian Investment Development Authority as requested.

“Megasteel urges the government to assist the local steel industry and the employees, whose jobs are at stake, by taking the necessary urgent action to curb dumping and dubious imports of steel products,” it said.

Posted by investor99 > 2016-04-19 11:50 | Report Abuse

Sharkeatapple, not consider as good news again..

Posted by sharkeatapple > 2016-04-19 13:02 | Report Abuse

Looking forward to seeing government's next steps.

Posted by investor99 > 2016-04-20 09:13 | Report Abuse

http://www.zh818.com/html/2016/4/19/10598321.html

Posted by sengtong88 > 2016-04-23 15:22 | Report Abuse

Lion is awaken

https://www.quandl.com/data/CHRIS/SHFE_RB1-Shanghai-Steel-Rebar-Futures-Continuous-Contract-1-RB1-Front-Month?utm_medium=graph&utm_source=quandl

Posted by investor99 > 2016-04-24 09:46 | Report Abuse

http://www.wtoutiao.com/p/151JR7d.html

Posted by investor99 > 2016-04-27 09:33 | Report Abuse

http://finance.sina.cn/futuremarket/nyshzx/2016-04-27/detail-ifxrprek3556312.d.html?from=wap

Posted by investor99 > 2016-04-28 00:43 | Report Abuse

http://www.sharetisfy.com/2016/04/10_27.html

Posted by sharkeatapple > 2016-05-03 15:17 | Report Abuse

http://www.theedgemarkets.com/my/article/‘no-white-knight-coming-megasteel-without-govt’s-shield’

KUALA LUMPUR: As Megasteel Sdn Bhd, the country’s biggest hot-rolled coil (HRCs) producer and Lion Corp Bhd’s 79%-owned unit, sinks further into losses year after year, and is up to its ears in debt, some may get the impression that Tan Sri William Cheng was not doing anything or not doing enough to solve the problems of the steel unit.

But Cheng, the Lion Corp chairman and managing director, told The Edge Financial Daily in a recent interview that the only way to save the beleaguered steel entity is to invite an investor to inject new funds into the company.

And so, he has been talking with over 10 foreign parties in Asia alone — mainly from India, Japan, Korea and China — to find a white knight to help solve Megasteel’s woes.

However, most of the talks have remained just that: talks — as the numbers in the country’s steel industry just cannot convince them that their coming in will gain them any competitive advantage, said Cheng.

“We are still talking with some foreign parties. The fact is, if the Malaysian government does not protect the steel industry, foreigners will not be willing to invest in an industry that is not profitable when the steel manufacturing costs here are higher than China, amid an influx of cheap Chinese steel imports,” Cheng said.

If not for that, he said the potential investors have no problem in entering the Malaysian steel market, which is reminiscent of what he said since 2013.

“They also have positive feedback about us as we have good facilities and cost structure. The problem is just that we are losing competitiveness against China when the government refuses to offer protection,” he reiterated.

He also noted that Malaysia’s steel manufacturing costs used to be one of the lowest in the Southeast Asian region. But today, hikes in electricity and gas tariffs have increased steel production costs in Malaysia.

Due to rising production costs, he indicated that the group is now using furnace or coal to produce steel. Hopefully, this can lower production costs, he said.

But no matter what’s said and done, he insisted that government protection remains the only way to stop steel makers from bleeding further.

In many countries, he said, citing the United States, India, Indonesia, Thailand, and some in Europe, governments still impose protection measures to support the steel industry.

“Steel makers have experienced a downturn for six years now. Indeed, even Chinese steel makers are also making losses and need to sustain the business via side incomes,” he said.

On what has the government’s feedback been to the industry, he said, the government does not think the group “is injured”. “I don’t understand. We are making more than a billion losses a year, and we can’t even capture a market share of 10% or 20,000 tonnes of steel per month,” Cheng highlighted.

He also dismissed speculation that Megasteel, which had suffered RM1.24 billion in losses in the three years between 2012 and 2014 due to excessive cheap imports from China, benefits from a respectable margin.

Lion Corp, which slipped into Practice Note 17 status in November 2013, saw its accumulated net losses for the half year ended Dec 31, 2015 (1HFY16) widen to RM294.03 million, compared with RM209.24 million in the previous year. The group’s revenue for the period also halved to RM524.93 million, from RM1.08 billion a year ago.

The group attributed its poor financial performance to lower selling price and sales volume, coupled with the onslaught of steel imports at dumping prices. The performance was further dampened by a foreign exchange loss of RM59 million, as a result of the weakening of the ringgit against the US dollar.

Lion Corp, used to trade for as much as RM37.30 (April 22, 1996), is worth only 4.5 sen today, with a market capitalisation of RM59.23 million. It hit its record low of three sen on July 14, 2015.

Cheng, however, expects the group’s net losses this year to improve a bit following the recent steel price rally. “Overall, the steel market sentiment will be better this year as some products will provide us better margins,” Cheng added. As for recent reports about him disposing of his land, Cheng explained that the “cash out” has nothing to do with his steel business.

It was reported by The Edge weekly in November and December last year, citing sources, that Cheng seemed to be on an asset divestment trail as he disposed of a 296-acre (120ha) land in Bandar Mahkota Banting, and is also looking for a buyer for his Tiara Melaka Golf & Country Club, a 27-hole golf course and clubhouse that sits on some 336 acres of land in Mukim Bukit Katil.

Posted by sharkeatapple > 2016-05-03 15:19 | Report Abuse

“That is my private business. It is for my family and has nothing to do with my public listed business,” he stressed, adding that he feels safe to conserve more cash amid current challenging economic conditions.

“We may consider buying it back in the future,” he said, but did not elaborate.

Posted by investor99 > 2016-05-03 19:01 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5083297

We refer to the announcement dated 23 September 2015 and the subsequent announcements made pursuant to Paragraph 9.19A of the MMLR in relation to the defaults in payment by Megasteel, a major subsidiary of the Company, in respect of working capital facilities and term loan facilities ("Defaults in Payment") ("Earlier Announcements"). Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the Earlier Announcements.

The Board of Directors of the Company hereby announce that the status of the Defaults in Payment as at the date of this announcement remains the same.

The Company will continue to pursue its Regularisation Plan which would include the securing of potential investors to strengthen the operational and financial position of Megasteel and the petition for the implementation of effective trade defense mechanism by the Government.

Posted by investor99 > 2016-05-04 08:31 | Report Abuse

http://www.nanyang.com/node/759719?tid=460

锺廷森招逾10外资 注资拯救美佳钢铁
全国 2016-05-04 07:46
（吉隆坡3日讯）为了解救面对亏损进一步扩大，以及深陷债务困局的美佳钢铁（Megasteel），母公司金狮（LIONCOR，3581，主板工业产品股）主席兼董事经理丹斯里锺廷森正积极与外资洽谈，以便为公司注入新的资金。
市场一直认为锺廷森没有尽力解决钢铁公司面对的问题，但他近日接受财经日报《The Edge》访问时表示，只有邀请投资者注入新资金，才能够拯救美佳钢铁。
政府拒保护钢铁业
此外，他正与亚洲超过10个外资洽谈，主要是来自印度、日本、韩国和中国，从中寻找白武士协助美佳钢铁解决问题，不过，大部分仍处于洽谈阶段。
“我们仍在与一些外资洽谈。实际上，假设大马政府无法保护钢铁领域，外资不会愿意投资在无法赚钱的领域，因为国内钢铁制造成本比中国高，导致中国廉价钢铁进口大马。”
锺廷森进一步表示，外资对该公司有正面的回应，因为拥有好的设备和成本架构，但问题是，大马比中国缺乏竞争力，而我国政府也不愿保护钢铁领域。
他强调，政府的保护依然是让钢铁业者止血的唯一方式。
一年亏逾10亿
锺廷森表示，在很多国家，如美国、印度、印尼、泰国和部分欧洲国家，政府仍施加保护措施，扶持钢铁业。
不过，他说，政府不认为该集团“受伤”。
“我不明白，我们在一年内亏损超过10亿令吉，我们甚至无法在每个月达到10%市占率或2万吨钢铁。”

Posted by sharkeatapple > 2016-05-04 18:02 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5084561
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5084689
04 MAY 2016

The Board of Directors of the Company wishes to announce that Bursa Securities had vide its letter dated 27 April 2016 ("Bursa Letter"), which was received by the Company on 3 May 2016, granted the Company an extension of time up to 31 July 2016 to submit the Regularisation Plan to the regulatory authorities.

The Bursa 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 July 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 investor99 > 2016-05-04 18:05 | Report Abuse

wtf..extend again?

Posted by sharkeatapple > 2016-05-04 18:39 | Report Abuse

The announcement says the request for extension to 31.07.16 has been granted.

Posted by investor99 > 2016-05-04 19:16 | Report Abuse

How come this bursa keeping approve extension for them?

Posted by sharkeatapple > 2016-05-04 22:30 | Report Abuse

If no Regularisation Plan submitted before dateline. The only consequence is: it will be suspended and delisted. In my opinion, repeating requests for extension while working on Regularisation Plan is the only way.
From previous news, we knew that a lot of discussion (involved more than 10 parties) had been initiated and is still on going. But without gov shield, nobody is willing to inject fresh fund. So, still depends on gov's policy finally. Saving Megasteel is not easy and tswc is putting effort into this.

Posted by investor99 > 2016-05-05 15:08 | Report Abuse

http://www.stockhut.com.my/news/149450

Posted by sharkeatapple > 2016-05-05 17:59 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5085929

The Board of Directors of the Company wishes to announce that Megasteel Sdn Bhd (“Megasteel”), a 79%-owned subsidiary of the Company, has been informed by its solicitors that the High Court of Malaya in Kuala Lumpur (“High Court”) has on 5 May 2016 granted Megasteel the following:

(a) an order (“Order”) pursuant to section 176(1) of the Act that separate meetings (“Scheme Meetings”) of the creditors of Megasteel or any class of them (“Scheme Creditors”) be summoned within a period of ninety (90) days effective from 5 May 2016 for the purposes of considering and, if thought fit, approving with or without modification, the schemes of arrangement and compromise proposed between Megasteel and the Scheme Creditors (collectively “Schemes of Arrangement”); and

(b) a restraining order (“RO”) pursuant to Section 176(10) of the Act whereby all proceedings and/or further proceedings in any action or proceeding against Megasteel and/or LCB and/or their assets (wherever located, and whether held by Megasteel or any trustee in whole or in part, directly or indirectly, as principal or as agent, beneficially or otherwise), be and is hereby forthwith restrained and stayed except by leave of the High Court, for a period of ninety (90) days effective from 5 May 2016.

The RO was applied for in order to allow Megasteel to have sufficient time to formalise the Schemes of Arrangement for the approval of the Scheme Creditors. Megasteel is currently working with its adviser on the Schemes of Arrangement and the details of the Schemes of Arrangement will be announced in due course.

The RO is not expected to have a material impact on the financial and operational matters of the LCB Group.

Posted by investor99 > 2016-05-05 19:08 | Report Abuse

水淹眼眉?

Posted by sharkeatapple > 2016-05-05 20:16 | Report Abuse

现在是。希望接下来咸鱼翻生。

Posted by investor99 > 2016-05-06 08:32 | Report Abuse

这90天是生死存亡关键期?

Posted by investor99 > 2016-05-06 13:44 | Report Abuse

http://www.theedgemarkets.com/my/article/megasteel-gets-restraining-order-against-creditors

Posted by investor99 > 2016-05-06 13:46 | Report Abuse

http://www.nanyang.com/node/760113?tid=462

Posted by sharkeatapple > 2016-05-06 15:20 | Report Abuse

http://www.linklaters.com/Insights/Publication2051Newsletter/20100118/Pages/Creditorschemes.aspx

Posted by sharkeatapple > 2016-05-06 23:06 | Report Abuse

http://www.theedgemarkets.com/my/article/megasteel-gets-restraining-order-against-creditors

Lion Corp said the banker's acceptance default will give rise to a default by virtue of the cross default provision under principal loan documents relating to a RM21 million term loan facility agreement, RM683 million worth of syndicated term loan facilities agreements, RM119.5 million worth of bilateral working capital facility agreements and RM2.2 billion worth of ringgit-denominated bonds, US dollar-denominated debts, as well as redeemable convertible secured loan stocks issued by Lion Corp.

Lion Corp had said upon default, the respective lenders will have the right to declare the cancellation of the banking facilities and all sums outstanding under the respective loan documents shall become due and payable immediately.

Posted by investor99 > 2016-05-07 08:05 | Report Abuse

http://www.nanyang.com/node/760204

Posted by investor99 > 2016-05-07 08:07 | Report Abuse

http://www.mynewsapp.net/story.php?story=9QlFItNEML


金獅機構准延遲交重組計劃
资料来源 星洲網 即時大馬財經 18 小时前
（吉隆坡6日訊）金獅機構（LIONCOR,3581,主板工業產品組）獲得大馬交易所批准延遲呈交重組計劃。

根據該公司文告表示，交易所批准該公司延長至7月31日呈交重組計劃。

在去年10月，金獅機構表示已尋得潛在投資者注資旗下握有78.89%股的權美佳鋼鐵（Megasteel）公司。

Posted by investor99 > 2016-05-07 08:08 | Report Abuse

在去年10月，金獅機構表示已尋得潛在投資者注資旗下握有78.89%股的權美佳鋼鐵（Megasteel）公司。???????


Is that wrong info?

Posted by sharkeatapple > 2016-05-07 10:21 | Report Abuse

Announcement on 2 OCT 2015:
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

潛在= potential (uncertain / not confirm)

Posted by investor99 > 2016-05-09 10:45 | Report Abuse

金獅機構列入PN17‧金獅工業財務穩定嗎？
2016-05-08 19:17
急知者問：


金獅工業（LIONIND，4235，主板工業產品組）財務情況穩定嗎？母公司金獅機構（LIONCOR，3581，PN17）已陷入PN17，對這公司有影響嗎？還值得持有嗎？

答：金獅工業的財務情況是否穩定，可看其最新公佈業績中的財務狀況供參考。

截至2015年12月31日止，該公司的總資產為41億4千312萬4千令吉，而流動資產為14億2千183萬5千令吉，包括存款、現金、銀行余款為2億7千260萬9千令吉、應收款項為5億4千539萬5千令吉、庫存為5億5千169萬2千令吉。

至於非流動資產則有27億2千128萬9千令吉，包括應收款項為5億3千201萬9千令吉、投資在聯號公司為8億1千482萬5千令吉、以及產業、工廠、器材為10億2千993萬3千令吉。

同期間，該公司的總負債為14億5千923萬6千令吉，包括應付款項為9億2千781萬令吉、短期借貸為2億6千840萬8千令吉、長期借貸則為1億1千943萬4千令吉。

該公司的股本為7億1千790萬9千令吉，而儲備金為16億7千零91萬2千令吉。該公司每股資產值為3令吉42仙。

母公司金獅機構持有金獅工業，這主要是涉及持股問題，相信對後者的營運的影響不大。不過，假如金獅機構進行重組或是最終被清盤，這將涉及到它在金獅工業的股權問題，可能使金獅工業的股權出現變動。

至於是否值得持有，近期沒有任何證券行進行剖析與推荐。這裡看看最新業績情況作為參考。

截至2015年12月31日止第二季，該公司取得淨利2千457萬令吉（每股淨利3.50仙），前期為淨虧6千679萬5千令吉（每股淨虧9.33仙）。而營業額為5億9千653萬9千令吉，前期為8億零554萬4千令吉。該公司轉虧為盈，主要是脫售一些資產所致。（星洲日報／投資致富‧投資問診‧文：李文龍）





- See more at: http://biz.sinchew.com.my/node/136416?v=mobile#ixzz487IFcVwf

Posted by investor99 > 2016-05-09 14:56 | Report Abuse

lioncor 最終被清盤?

Posted by Johnnys > 2016-05-09 14:58 | Report Abuse

if you no vote MCA than don't buy Lioncor, MCA = LionCor

Posted by investor99 > 2016-05-10 10:54 | Report Abuse

http://www.nanyang.com/node/760593?tid=460
（吉隆坡9日讯）美佳钢铁私人有限公司声明，正重新部署员工到姐妹钢铁公司任职。
该公司管理层发文告说，公司了解和关注员工的困境，已经就裁员事宜咨询劳工局及相关领域部门，也与金属业雇员工会（MIEU）洽谈，寻求友好的解决方案。
损失惨重逾20亿
文告说，公司也把受影响员工重新部署到集团其他公司；目前已调动54名员工到姐妹工厂。
文告指出，该公司及本地钢铁厂产品需求，由于这几年受到以“倾销”价格打入我国的进口钢铁严重打击，以致订购量减少和产能利用率偏低，造成各大钢铁厂在2014年损失超过20亿令吉，银行贷款额逾120亿令吉，因此很多钢厂也倒闭，包括美佳钢铁在内也需裁员和撙节。
文告也呼吁政府协助本地钢铁业及员工，马上采取行动约束钢铁产品“倾销”入口的问题，保障本地钢铁业者及逾15万名员工。
裁员数额提供贸工部
只是，该公司及本地业者寻求反倾销保护的各项努力，却被国际贸易及工业部否决。
文告促请政府须拟定解决方案，处理钢铁业受到的冲击，并把裁员数额提供给贸工部及大马投资发展局（MIDA）。

Posted by investor99 > 2016-05-10 10:58 | Report Abuse

http://www.chinapress.com.my/20160509/

2鋼鐵公司員工-要求集團停止裁員/
（吉隆坡9日訊）美佳鋼鐵（Megasteel）及安塔拉鋼鐵（Antara Steel）約40名員工，今日在金獅集團總部外集會，要求該集團主席丹斯里鍾廷森關注裁員及削減員工薪資問題。

金屬業僱員工會主席三蘇丁及執行秘書拉惹瑟嘉蘭，率領美佳鋼鐵私人有限公司及安塔拉鋼鐵私人有限公司的員工，向鍾廷森提呈備忘錄，以要求解決自今年1月1日開始，約千名員工被裁員及面對減薪50%的苦境。

由于鍾廷森不在公司，由該集團人力資源部主任蘇拉斯接領備忘錄，勞資雙方也洽談以尋求解決方案。

Posted by sharkeatapple > 2016-05-11 09:02 | Report Abuse

http://www.nanyang.com/node/760726?tid=460
贸工部停止进口热轧钢卷 美佳钢铁获准令推翻决定

（吉隆坡10日讯）美佳钢铁（Megasteel）私人有限公司今天获得高庭发出准令，挑战国际贸易及工业部今年1月宣布，结束进口“热轧钢卷（HotRolled Coil）”到我国的调查决定。
高庭法官拿督哈妮芭在内庭批准美佳钢铁公司的司法检讨要求，择定案件于本月17日过堂。
美佳钢铁是于今年4月4日入禀申请，把国际贸易及工业部长拿督斯里慕斯达法及贸工部，列为第一及第二答辩方。
该公司要求法庭发出庭令，推翻慕斯达法今年1月6日宣布，停止进口“热轧钢卷”到我国造成负面影响的决定。

Posted by investor99 > 2016-05-11 11:29 | Report Abuse

Sharkeatapple, is that consider good news?

Posted by sharkeatapple > 2016-05-11 11:48 | Report Abuse

Investor99, it can be considered good news partially.
But dont forget, megasteel still need favourable policy from gov finally.
Now both parties under "diff side" in the court (not just diff opinion).
Hmm. Dont knw how this will goes?
Just my 愚见。
What do u think, investor99?

Posted by investor99 > 2016-05-11 20:23 | Report Abuse

My point of view, government protection support and new investor join in , jus this only way can restructure lioncor and megasteel

Posted by sharkeatapple > 2016-05-11 21:21 | Report Abuse

Investor99, you are right. Now the only thing is government support. Once it is implemented (if there is), new investor will join in.

Posted by Harold Huong > 2016-05-11 21:34 | Report Abuse

Still have local or foreign investor want to put money in Tan Sri company? Will you?