PETALING JAYA: Lion Forest Industries Bhd (LFIB) has proposed to pay its shareholders RM252.18mil in capital repayment following the sale of Sabah Forest Industries Sdn Bhd (SFI) to Ballarpur Industries Ltd and JP Morgan Securities (Asia Pacific) Ltd.
This translated into a payment of RM1.20 cash for every share held in LFIB, said the company in a filing with Bursa Malaysia yesterday.
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