Lion Group completes debt, corporate revamp

The Lion Group has completed its debt and corporate restructuring exercise and has asked the KLSE for the resumption of trading in the shares of four of its publicly-listed units. 

In an interview with StarBiz yesterday, group chairman and chief executive officer Tan Sri William Cheng said the group was also confident that the KLSE would lift the PN4 status on three of those listed companies once their results for the third quarter ending March, which would show a return to profitability, were released.