Posted by sharkeatapple > 2016-05-11 22:53 | Report Abuse

By now, sure no investor willing to join in because currently local steel prod cost is higher than dumping price mainly from china. IF protection measure is implemented which will make the imported price higher than local prod cost, then only got chance the investor will join.

Posted by investor99 > 2016-05-12 09:05 | Report Abuse

Even high court also agree, I think lioncor still got hope

Posted by investor99 > 2016-05-12 09:28 | Report Abuse

Wow, 5.5 cts??

Posted by sharkeatapple > 2016-05-15 20:59 | Report Abuse

欧盟查中国钢铁非法补贴/
http://www.enanyang.my/?p=584781

Posted by sharkeatapple > 2016-05-16 16:45 | Report Abuse

http://cn.mobile.reuters.com/article/idCNKCS0Y60XI?irpc=932
G7将采取措施解决全球钢铁过剩问题--草案
2016年 5月 16日 星期一 07:42 BJT

路透东京5月14日 - 据路透获得的一份草案，七国集团(G7)将采取措施解决全球钢铁过剩问题，很多人将这个问题归咎于中国钢厂产能过剩。

若本月稍晚在日本召开的G7峰会采纳，将使中国采取措施的压力加剧。中国占全球钢铁生产的半壁江山，今年稍早时产量甚至达到纪录高位。钢铁产量过剩导致澳洲及英国等国家的钢厂面临倒闭。

“我们意识到全球行业产能过剩对经济、贸易和工人的负面影响，尤其是钢铁行业，”草案称。

“我们致力于迅速采取措施，通过加强市场作用来解决这些问题，包括以协同行动找出并去除补贴和支持，并鼓励进行调整。”

G7领导人将在5月26-27日在日本伊势志摩召开峰会。

法国和德国周五呼吁欧盟其它成员国加强贸易保护，避免廉价进口商品的大量涌入损害当地企业，其中包括来自中国的钢铁产品。

一位消息人士说，一些欧洲国家反对G7草稿文本中的措辞，因为担心会招致中国的报复。

让人忧心的并不只有中国，日本也威胁要针对印度在世贸组织采取行动，之前印度给进口钢铁设定了最低价格。日本和韩国也因为出口钢铁产品价格低于国内而受到批评。

“我们特别担心由政府和政府支持机构提供的补贴以及其它帮助，这些问题扭曲了市场，加剧全球产能过剩，其中包括那些用于帮助在海外扩大产能的支持，”G7草案文本称。(完)

(编译 王丽鑫/郑茵 审校 李婷仪/许娜)

Posted by investor99 > 2016-05-16 17:49 | Report Abuse

really will have good news soon?

Posted by investor99 > 2016-05-16 18:01 | Report Abuse

金獅機構有好消息？
2016-05-15 19:53

金獅機構（LIONCOR，3581，主板工業產品組）旗下美佳鋼鐵（Megasteel）麻煩纏身，最近終於傳來難得的好消息。
美佳鋼鐵上週獲得高庭準令，以挑戰貿工部今年1月6日宣佈終止調查熱軋鋼捲（HRC）大量進口的決定。
該公司聲稱，過去數年大量廉價熱軋鋼捲輸入，嚴重影響國內業者，並要求貿工部調查。貿工部去年9月10日援引2006年保護法令調查後，認為指定期間的熱軋鋼捲進口並未造成國內業者蒙受嚴重損失，決定結束調查。
為此，該公司挑戰貿工部決定，要求繼續調查。
除了上述控訴，美佳鋼鐵過去一年面對一連串因業務欠佳而引發的不利事件。
美佳鋼鐵曾因涉及違反競爭法令，而遭競爭委員會（MyCC）罰款450萬令吉。隨後，競爭委員會查證後，認為美佳鋼鐵並未濫用市場優勢，壓擠國內業者賺幅，因此判定美佳鋼鐵沒有違反競爭法令。
此外，美佳鋼鐵也要求政府將熱軋鋼捲進口稅由15%調高至40%，並在4年內遞減要求不符世界貿易組織（WTO）和國內法律之規定，這也引來馬來西亞鋼鐵工業聯合會（MISIF）的猛烈批評。
目前，美佳鋼鐵控股公司金獅機構已列為PN17陷困公司，需要在7月31日之前提呈重組計劃，並在獲得批准後逐步落實，否則其股票可能除牌。
金獅機構陷入赤字多時，截至去年12月31日為止的半年內，營業額劇減超過50%，由10億7千955萬令吉降至5億2千493萬1千令吉，淨虧損則從2億零924萬2千令吉擴至2億9千403萬令吉。
除了經營欠佳，金獅機構面對的挑戰主要來自國外，特別是產能過剩的中國對手。
中國生產全球一半鋼鐵，雖然市場供過於求，中國3月產量卻再創紀錄，包括英國和美國在內的鋼鐵公司強烈要求中國減少產量。
原本供應過剩迫使中國鋼鐵公司停產，最近中國政府的經濟刺激舉措推動該國鋼材突然逆轉，中國鋼鐵公司紛紛恢復生產，這意味著全球鋼鐵業困境仍無望改善。
外國廉價鋼鐵源源不絕進口，金獅機構等鋼鐵公司毫無招架之力，面對如斯處境，這家一度風光的鋼鐵鉅子又能如何重組？（星洲日報／投資致富‧投資茶室‧文：王寶欽）

點看全文: http://biz.sinchew.com.my/node/136881#ixzz48oNX2qlE
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Posted by sharkeatapple > 2016-05-16 19:18 | Report Abuse

Although chance is tiny, sometimes miracle does happen.

Posted by investor99 > 2016-05-17 19:39 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5094137

Posted by sharkeatapple > 2016-05-17 22:50 | Report Abuse

企业达人：锺廷森点石成金 奠定金狮钢铁王国 (http://www.nanyang.com/node/641286)

在钢铁行业打下坚实基础后，锺廷森开始涉及其它行业。

1981年开始进入房地产领域；1983年进入种植业，种植可可和棕榈树等；1985年进入百货业开设百盛；1987年进入汽车和摩多业；1989年进入轮胎、集装箱行业；1993年进入海绵铁行业；1995年进入纸浆业。

重组高手 扭转乾坤

1986年开始，马来西亚经济出现不景气，很多企业处于倒闭状态，他利用钢铁生意中赚到的雄厚资金，不断收购、合并许多倒闭和经营不善的公司。

他认为在经济肃条时做出投资，表面看来风险很大，但经济一旦好转时，价值就会高出好几倍，竞争自然更激烈。

当时吉隆坡有两间百货公司经营不善，他准备接过来，就此进军百货市场。

逆势进军零售业

行家却说不到三个月就会关门大吉，因为当时百货业陷入财务困境，许多超级百货商场纷纷倒闭，连大马最大的超市集团英保良及在中马地区广受欢迎的友谊商店也不能幸免。可是锺廷森选择这个时候进军百货零售业。

他凭着准确的生意眼光，正确的判断力和胆量，以5000万令吉投资百货市场行业，1987年创办百盛超级市场集团，在马来西亚各大城镇重新开设了4家百盛超级市场和25家百盛商店。

服务业对他来说是一个全新的领域，他摸索了一年半，终于使商场转亏为盈。

1987年，两家代理日本铃木摩托车及铃木汽车公司经营不景气，锺廷森果断低价买下，重新制定销售策略，半年后转亏为盈。

1995年，政府一家海绵铁厂连年亏本，他以7500万令吉买进，一年就转亏为盈。

接着他又买下柔佛南部的钢铁厂，接手后仅用9个月就赚钱。

他亦买下沙巴亏本的纸浆造纸厂，进行改造，一年后即盈利。

每次接手一家亏损企业，他都会请专家分析亏损症状，寻找解决方案，“一般来说，设备没问题，主要是在人事管理上，只要找到症结，就能改变局面。”

结合美日式管理

因为神奇地使多家亏损企业赚钱，锺廷森被誉为拥有“点石成金”的本领。

这些成功与锺廷森胆大心细，具有敏锐生意眼光的商业策略家风范分不开。

Hope for miracle to happen.... with TSWC's restructuring experiences...

Posted by investor99 > 2016-05-18 12:10 | Report Abuse

http://www.pocketimes.my/node/5747

Posted by investor99 > 2016-05-18 12:19 | Report Abuse

http://www.theedgemarkets.com/my/article/外汇收益增-金狮第三季净亏收窄?type=新闻

Posted by sharkeatapple > 2016-05-18 13:26 | Report Abuse

http://finance.ifeng.com/a/20160518/14391352_0.shtml
美国重击中国钢铁商：提高冷轧钢进口税率高达522%

Posted by investor99 > 2016-05-18 13:57 | Report Abuse

Sharkeatapple , megasteel is hrc, not crc manufacturer

Posted by sharkeatapple > 2016-05-18 15:29 | Report Abuse

investor99, megasteel did produce CRC besides HRC.
The capacity is:
HRC: 3.2million tonnes/year,
CRC: 1.45million tonnes/year.
RM3.2billion was invested in Megasteel.
You can get more coverage on Megasteel in recent "TheEdge", Page 21 & 65.

Because Megasteel (temporary ceased operation now) produced both HRC and CRC . Thats why "margin squeeze" was investigated by MyCC case.
refer to: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5060185
OTHERS LION CORPORATION BERHAD ("LCB" or the "COMPANY") PROPOSED DECISION ON MEGASTEEL SDN BHD, A 79% OWNED SUBSIDIARY OF THE COMPANY, ISSUED BY MALAYSIA COMPETITION COMMISSION

We refer to the announcement of the Company dated 1 November 2013 wherein it was announced that the Malaysia Competition Commission (“MyCC”) issued its proposed decision in which MyCC is of the view that Megasteel Sdn Bhd (“Megasteel”) has breached the provision of section 10(1) of the Competition Act, 2010 in that Megasteel has abused its dominant position by charging or imposing a price for its hot rolled coil that amounts to a margin squeeze that produces anti-competitive effects in the cold rolled coil market (“Proposed Decision”). Under the Proposed Decision, a financial penalty of RM4,500,000.00 is to be imposed by MyCC on Megasteel.

The Board of Directors is pleased to announce that pursuant to a notice of finding of non-infringement from MyCC dated 15 April 2016, MyCC had determined that there is no infringement by Megasteel of section 10(1) of the Competition Act, 2010 as stipulated in the Proposed Decision. In arriving at the non-infringement finding, MyCC had concluded that Megasteel did not abuse its dominant position nor practice margin squeeze in the relevant domestic markets. The above final decision was made after careful reassessment of the case with more detailed information obtained through written and oral representations submitted by Megasteel as well as further analysis made by MyCC.

Posted by sharkeatapple > 2016-05-18 15:34 | Report Abuse

Margin squeeze in this case means impose higher selling price for HRC and lower the selling price for CRC. [CRC is produced from HRC]

Posted by investor99 > 2016-05-18 18:11 | Report Abuse

Oh..Thanks for your sharing..!!

Posted by sharkeatapple > 2016-05-18 18:55 | Report Abuse

You are welcome. Sharing is caring. :)
For more info, u can refer to theedge hardcopy dated 16-MAY-16.
Page refer above.
Let's hope for the miracle to happen.

Posted by investor99 > 2016-05-18 21:04 | Report Abuse

From my opinion , lioncor stop megasteel production to low down lioncor loses , is one of the step to restructure the group . Some more tswc high profile appear in media recently, I think Regularisation Plan is around the corner

Posted by sharkeatapple > 2016-05-18 22:06 | Report Abuse

LIONCOR fall into PN17 since OCT-13. Hopefully Regularisation Plan out and implemented before end of July.

Posted by investor99 > 2016-05-19 13:56 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5095977

The Board of Directors of LCB (“Board”), wishes to announce that Bright Steel Service Centre Sdn Bhd (“BSSC” or the “Vendor”), a wholly-owned subsidiary of Bright Steel Sdn Bhd (“BSSB”), which is in turn a wholly-owned subsidiary of the Company, had on 18 May 2016 entered into a conditional sale and purchase agreement (“SPA”) and business assets acquisition agreement (“BA”) with Axis Development Sdn Bhd (“ADSB”), for the disposal of the following for a total cash consideration of RM64 million (“Total Disposal Consideration”):

(i) a piece of leasehold land measuring 453,500 square feet located in Shah Alam, Selangor (“Land”) together with a one (1) storey factory building with two (2) storey annexed office building, one (1) storey factory building with an office and ancillary buildings erected thereon (“Property”) for a cash consideration of RM61 million (“Property Consideration”) (“Proposed Property Disposal”); and

(ii) cranes and shearing/slitting machineries (“Assets”) for a cash consideration of RM3 million (“Assets Consideration”) (“Proposed Assets Disposal”).

The full text of the announcement is attached herewith.

Posted by i_investor > 2016-05-21 17:03 | Report Abuse

According to MEPS, An absence of competitively-priced third country import offers enabled European flat product producers to target and secure significant increases, in May.

Positive price momentum has continued in Belgium. Mill delivery lead times are long. A number of buyers, both stockholders and end-users, are purchasing more than they need immediately, anticipating further increases in the future. Others report they have been unable to secure sufficient quantities.

FURTHER RISES ANTICIPATED – MEPS

http://www.hellenicshippingnews.com/eu-steel-price-recovery-again-in-may-further-rises-anticipated-meps/

Posted by investor99 > 2016-05-21 19:21 | Report Abuse

http://www.sharetisfy.com/2016/05/blog-post_868.html?m=1

Is the time to buy in lioncor if tswc start restructure Lioncor debt

Posted by investor99 > 2016-05-21 19:21 | Report Abuse

I means if only..

Posted by sharkeatapple > 2016-05-21 20:59 | Report Abuse

"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative." - Benjamin Graham

Posted by investor99 > 2016-05-22 10:12 | Report Abuse

http://www.enanyang.my/news/20160522/传美佳钢铁重组清债br-拨11-3亿建炼铁高炉/

Regularisation Plan really coming soon?

Posted by investor99 > 2016-05-22 10:15 | Report Abuse

Will lioncor fry tomorrow ?

Posted by Koon Bee > 2016-05-22 10:17 | Report Abuse

William Cheng already going to bankrupt...how to safe his own company? Avoid

Posted by investor99 > 2016-05-22 10:28 | Report Abuse

If this news is real, then damn pity for liondiv shareholder

Posted by investor99 > 2016-05-22 10:31 | Report Abuse

Liondiv and limpahjaya become new investors for megasteel?

Posted by Koon Bee > 2016-05-22 10:48 | Report Abuse

This round very hard to turnaround by william cheng...and at his age now, not easy

Posted by Koon Bee > 2016-05-22 10:50 | Report Abuse

2 bizman in malaysia that i wont buy their counter:
1)VT
2)William C

1 investor that i wont touch the counter related to him:
1)Kyy

Posted by investor99 > 2016-05-22 13:37 | Report Abuse

Koon Bee: ok, thanks for your advice!

Posted by investor99 > 2016-05-23 13:02 | Report Abuse

ks55, u means kbunai and ptgtin?

Posted by investor99 > 2016-05-27 13:36 | Report Abuse

https://www.steelfirst.com/Article/3557395/Regions-Asia-Archive/Malaysia-finalises-anti-dumping-duty-on-CRC-from-three-countries.html

Malaysia finalises anti-dumping duty on CRC from three countries
Malaysia has officially implemented definitive anti-dumping duties on imports of alloy and non-alloy cold rolled coil (CRC) from China, South Korea and Vietnam.
London 25 May 2016 17:33

Posted by investor99 > 2016-05-27 14:00 | Report Abuse

http://www.miti.gov.my/index.php/pages/view/3343

Posted by kipidap > 2016-06-04 11:54 | Report Abuse

no hope?

Posted by CUTLOST > 2016-06-18 19:13 | Report Abuse

Lioncorp

Posted by PenguinDad > 2016-07-01 09:46 | Report Abuse

Some news at Financial Daily about LionCorp with some China partner. Interesting.

Posted by eftee > 2016-07-01 09:47 | Report Abuse

GAVE UP HOPE. When a man like that let the company go down like this where got face.

Posted by sharkeatapple > 2016-07-01 14:28 | Report Abuse

http://www.theedgemarkets.com/my/article/‘steel-king’-hand-over-reins-china-partner

KUALA LUMPUR: Tan Sri William Cheng will take a back seat in the business that earned him the moniker “Steel King of Malaysia” once an agreement with a strategic partner in China is finalised as part of an ongoing group-wide restructuring at Megasteel Sdn Bhd that still requires creditors’ buy-in.

“We’re looking at a 50:50 partnership, hopefully in two to three months [a deal] can be finalised,” Cheng, Lion Group’s largest shareholder replied when asked about the status of Megasteel’s proposed restructuring plan.

“We (Lion Group) will have a 50% stake but we will let them manage [the new enlarged steel business entity], and perhaps only deal with local sales and dealings with the [local] government,” Cheng added, but declined to name the partner as talks were still ongoing and an agreement had yet been sealed.

The intended Chinese partner is among the “top three ball bearing makers in China” that is able to contribute some RM2 billion worth of equipment to the partnership, according to a source familiar with the restructuring exercise.

China’s largest bearing manufacturers include Wafangdian (ZWZ), Luoyang (LYC), Harbin (HRB), Zhejiang Tianma (TMB), Wanxiang Qianchao, and C&U, according to data on the website of SKF, the world’s largest bearing maker that also has production plants in China. There is no official confirmation if the potential partner is among these players.

This is not the first time Lion Group is speaking to a Chinese partner and that a deal could well still fall through, but said negotiators and number crunchers are hard at work in China and back home. As far back as 2011, it was reported that Baosteel Group, China’s second-largest steel manufacturer, was considering a tie-up with Lion Group, but a deal had yet to materialise.

Faced with industry-wide overcapacity and slower growth, Baosteel and smaller rival Wuhan Iron and Steel Group are said to be looking to merge in order to bolster their position and unseat market leader Hebei Iron and Steel Group, the South China Morning Post reported on Monday.

On May 23, The Edge weekly, citing court documents, reported that Lion Group’s insolvent flat steel maker Megasteel had proposed to build a new blast furnace — estimated to require some RM1.13 billion investment — as part of its corporate restructuring and debt settlement plan. The blast furnace is to help Megasteel’s hot-rolled coil (HRC) producing business viable by reducing production cost.

The documents made no apparent mention of a foreign party taking a stake in the restructured entity. There were also no details of the shareholding structure, specifically what Cheng’s or Lion Group’s equity stake would eventually be post restructuring.

Megasteel, which started business in 1999 as the only HRC producer in Malaysia with a RM3.2 billion integrated steel mill in Banting, Selangor, had racked up RM2.43 billion in accumulated losses as at Dec 31 last year. This was despite the benefit of a 25% import duty the government imposed on HRC, a rate which was raised to 50% in 2002. Megasteel has thus far gone through four debt restructurings, the latest of which was in 2014, when it only had consent from two of its seven US dollar term loan creditors.

As at Dec 31 last year, Megasteel — which is 21% held by Lion Diversified Bhd, and the rest by Lion Corp and Cheng’s Limpahjaya — owed RM895.7 million to secured creditors, while unsecured creditors and suppliers were owed RM3.28 billion.

In the court papers on the proposed restructuring, Cheng admitted that Megasteel’s business is not viable in its current state without government protection. It remains to be seen if a white knight will finally give closure to the long-drawn restructuring.

Posted by LGMGL > 2016-07-12 17:15 | Report Abuse

Pity William Cheng..

Posted by investor99 > 2016-07-14 01:32 | Report Abuse

LGMGL, lioncor minor shareholder more pity

http://filmy.olabloga.pl/player/bqFEQ7aj_Fw/

Posted by LGMGL > 2016-07-18 16:49 | Report Abuse

Yes.. William Cheng outdated already.

investor99 LGMGL, lioncor minor shareholder more pity

Posted by 1009 > 2016-07-28 15:54 | Report Abuse

Where u know 2moro last day?

Posted by investor99 > 2016-07-28 15:56 | Report Abuse

1.5 cts coming soon...

Posted by 1009 > 2016-07-28 16:06 | Report Abuse

Whose wait sapu in 0.005?

Posted by 1009 > 2016-07-28 16:08 | Report Abuse

Lion have ... GAMES OVER ?... Haiz........

Posted by 1009 > 2016-08-02 15:32 | Report Abuse

Got any people help this share goreng ma? Any hope?

Posted by sharkeatapple > 2016-08-04 14:20 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5166653
Type of Meeting: Extraordinary General Meeting
Description: Proposed disposal by Bright Steel Service Centre Sdn Bhd, a wholly-owned subsidiary of Lion Corporation Berhad, of property and assets to Axis Development Sdn Bhd for a total cash consideration of RM64 million
Date of Meeting: 19 Aug 2016
Time: 10:00 AM
Venue: Meeting Hall, Level 16, Lion Office Tower, No. 1 Jalan Nagasari, 50200 Kuala Lumpur