William Cheng buys Lion shares

PETALING JAYA: Tan Sri William Cheng has acquired 33.5 million shares in Lion Industries Corp Bhd, representing 4.69% of the total issued and paid-up share capital of the company, from Megasteel Sdn Bhd, a company in which he has a substantial interest.

Lion Industries told Bursa Malaysia yesterday the acquisition was done at an exercise price of RM1.29 per share.