Uncertainties hit LionFIB on news of SFI sale


  • Business
  • Wednesday, 07 Jun 2006

PETALING JAYA: Shares in Lion Forest Industries Bhd (LionFIB) tumbled 11.28% yesterday, shedding 44 sen to RM3.46 as investors sold down the stock on concerns that the company would lose its major earnings provider Sabah Forest Industries Sdn Bhd (SFI), dealers said. 

They said diminished hopes of a capital repayment to minority shareholders was also a factor in pulling the share price down in a generally weak market.  

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