William Cheng withdraws offer to acquire debt notes for RM246m

KUALA LUMPUR: Lion Corp Bhd’s chairman and managing director Tan Sri William H.J. Cheng has withdrawn his offer to acquire the group’s entire debt notes for RM246mil cash consideration.

Lion Corp said on Wednesday Cheng had issued a letter dated Jan 6 informing the lenders that he had withdrawn the offer with immediate effect.

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William Cheng , debt notes , Lion Corp

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