i do believe once the General Meeting done n pass the vote surely will announce it cos it is a critical decision need to be make urgent on this coming meeting n must pass it..
My strategy is simple. Play roulette with William Cheng. The 3m shares is only about $240k. If it hits, the jackpot is 2x 3x4x. If not, I lose $240k and William Cheng not only lose big time but he will also lose big face which I think he will not let that happens
but now drop until 6.5 cts.. as my experience, most of the PN17 company even perwaja also being fried by investor, but this company almost 8 months in pn17 but still no any movement yet..
In 2012 Annual Report, it state : Proposed reduction of the par value of the existing ordinary shares of RM1.00 each in the Company (“LCB Shares”) to RM0.20 each by the cancellation of RM0.80 each and thereafter, the consolidation of every five (5) LCB Shares of RM0.20 each into one LCB Share of RM1.00 (“Proposed LCB Capital Reconstruction”
Before this exercise, if the last day closing share price in market is RM1, after this exercise, what will the price adjusted to ?
Hi, what exactly is the reason lioncor slip into pn17? I read the annual report 2013, but did not get a clue.....share equity is 50% less than of the paid up capital....what is the share equity amt ? 175380k?
i'm looking for multiples return....... Worse come to worst, I'm still holding hundred thousand of shares in a sdn bhd with very small amount money if they delisted in next few months. Anything can happen in stock market.....just play safe with the money we "afford" to lose...
angelinaloke: capital reduction 10 to 1 is still considr ok if buy-in price at 6.5 cts, equal to 65 cts & right issue price will be RM1, right? somemore lioncor got alots of lands which under value
Lion cor already RM1 -> RM0.2 then 5 RM0.2 -> 1RM1 already..... In 2012 Annual Report, it state : Proposed reduction of the par value of the existing ordinary shares of RM1.00 each in the Company (“LCB Shares”) to RM0.20 each by the cancellation of RM0.80 each and thereafter, the consolidation of every five (5) LCB Shares of RM0.20 each into one LCB Share of RM1.00 (“Proposed LCB Capital Reconstruction”
though it got lands valued at 1995, but most of it got factory built on it.....and got rent to related companies also.... unless he really want to cabut....
Published: Monday June 9, 2014 MYT 12:00:00 AM Updated: Monday June 9, 2014 MYT 9:45:13 AM
Steel millers seek Govt help to deal with trade practices by China firms by jack wong
Misif claims that many of the steel wire rods imported by Malaysia from China have negligible alloy contents but are declared alloy steel.
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KUCHING: Local steel millers will seek help from the Government to file trade remedy measures over alleged “unfair trade practices” of some Chinese steel manufacturers.
These manufacturers had allegedly exploited the loopholes in the China tax structure to take advantage of an export rebate of 9% to 13% by declaring their exports to Malaysia as alloy instead of steel.
According to Malaysia Iron and Steel Federation (Misif) president Datuk Soh Thian Lai, many of the steel wire rods imported by Malaysia from China had only 0.0008% alloy contents and were declared as alloy steel.
“High quality alloy steel from China which was exported to Malaysia fetched about RM6,000 per tonne in 2009 but the price came down drastically to RM2,000 per tonne last year. So, with such a low price, it could not be the same or ‘real’ alloy steel,” he told StarBiz recently.
Last year, Soh said Malaysia imported 924,000 tonnes of steel wire rods, out of which 80% was from China. Malaysia also imported 302,000 tonnes of steel bar mostly from China, and 630,000 tonnes of section steel bar in 2013.
He said China exported to Malaysia close to 1.83 million tonnes of steel products – mostly long products – last year.
Soh said Misif was providing support to local steel millers who were also getting assistance from Malaysia Steel Institute (MSI) to get the Government’s help to file trade remedy measures over the unfair trade practices.
Misif has some 140 members mostly in the midstream and downstream sectors, with several upstream steel players.
Ann Joo Resources Bhd group managing director Datuk Lim Hong Thye had said that domestic steel millers were joining his company to petition International Trade and Industry Ministry (Miti) before the end of this month for more stringent guidelines to check dumping activities by the China steel millers,
According to Lim, although Miti had imposed a 25% import duty on steel from China, Taiwan, South Korea and Indonesia, some Chinese steel millers were circumventing the system.
Lim said what they would be asking from the authorities was trade remedy rather than trade protection.
Soh said Misif was already working with upstream steel millers to prepare a paper to the Malaysian government to look into the boron-added steel issue.
“We encourage the imports of genuine alloy steel for the automotive industry as we are not capable of producing them,” said Soh, who is also flat steel products’ manufacturer YKGI Holdings Bhd group managing director
He said the alloy steel products imported by Malaysia were mainly for the construction industry.
KLSCCCI President, Tan Sri William Cheng pressure government on last month. Misif chairman Datuk Soh Thian Lai ( YKGI Managing Director ) also pressure government recently.
i have notice that steel share price like lioncor,lionind, kinstel, perwaja, huaan, melewar, mycron, cscstel all in up-trend, is that any good news will announce by our government to local steel industry player recently?
Published: Wednesday June 18, 2014 MYT 12:00:00 AM Updated: Wednesday June 18, 2014 MYT 6:53:42 AM
Govt to probe steel imports on claims cheap imports damaging domestic sector Email Facebook 3
PETALING JAYA: The Government is investigating claims that cheap imports of several types of steel products have caused “material injury” to the operations of domestic steel millers.
The International Trade and Industry Ministry (Miti) said it would consider imposing a “preliminary anti-dumping duty” if the prices of imported hot rolled coils (HRC), chequered coils and pickled and oiled (P&O) coils from China, Indonesia and South Korea are found to be much lower than their own domestic market.
The investigation was initiated following a petition from a domestic producer on May 20. A preliminary determination would be made within 120 days from the date of initiation.
“If the preliminary determination is affirmative, the Government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury,” Miti said in a statement yesterday.
It said the petitioner alleged that imports of HRC, chequered coils and P&O coils originating in or exported from China, Indonesia and Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries.
“The petitioner claims that this has caused material injury to the domestic industry in Malaysia,” Miti said.
The petitioner also claimed that the imports from the alleged countries have increased in terms of absolute quantity, which has resulted the petitioner to suffer material injury, among others, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.
In relation to this investigation, Miti has provided a set of questionnaires and called all interested parties (importers, foreign producers, exporters and associations) to request for the questionnaires no later than July 2.
“Interested parties are also invited to make their views known in writing, in particular by replying to the questionnaires with supporting evidence to Miti before July 27,” Miti said.
"The International Trade and Industry Ministry (Miti) said it would consider imposing a “preliminary anti-dumping duty” if the prices of imported hot rolled coils (HRC), chequered coils and pickled and oiled (P&O) coils from China, Indonesia and South Korea are found to be much lower than their own domestic market."
Miti will consider imposing a “preliminary anti-dumping duty” if the complaint is real. So, i think high possible government will lend a hand to local steel industry to take action imposing anti-dumping duty to oversea country.
Yes, should impose more import tax on these bad chinese company,
product is cheap but of substandard quality, even used by local builders, later the buildings will have lots of problems, like the 某某 airport, here 漏水 there 塌水
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Posted by investor99 > 2014-06-02 16:56 | Report Abuse
PN17 around 7 months ard, still not yet come out any restructuring plan?