In its filing with Bursa Malaysia, LICB said of total RM210.35mil outstanding debt, LDHB owes RM26.79mil to Antara Steel Mills Sdn Bhd, RM35.17mil to Lion Waterway Logistics Sdn Bhd, and RM148.39mil to Posim Marketing Sdn Bhd.
PETALING JAYA: Lion Industries Corp Bhd
(LICB) will be taking over China-based property developer Well Morning Ltd from Lion Diversified Holdings Bhd (LDHB) in a debt settlement agreement with LDHB.
In its filing with Bursa Malaysia, LICB said of total RM210.35mil outstanding debt, LDHB owes RM26.79mil to Antara Steel Mills Sdn Bhd, RM35.17mil to Lion Waterway Logistics Sdn Bhd, and RM148.39mil to Posim Marketing Sdn Bhd.
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