LionFIB raises payout to RM2 a share

  • Business Premium
  • Wednesday, 20 Sep 2006

PETALING JAYA: In a surprising turn of events, Lion Forest Industries Bhd (LionFIB) has proposed to increase its capital repayment to RM2 cash a share from RM1.20 proposed earlier.  

The cash for this capital distribution will come from the sale of its entire 97.78% stake in Sabah Forest Industries Sdn Bhd (SFI) for RM944.8mil. 

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