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KUALA LUMPUR: Lion Corp Bhd’s chairman and managing director Tan Sri William H.J. Cheng has withdrawn his offer to acquire the group’s entire debt notes for RM246mil cash consideration.

Lion Corp said on Wednesday Cheng had issued a letter dated Jan 6 informing the lenders that he had withdrawn the offer with immediate effect.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Subscribe

Annual Plan

RM12.33/month

Billed as RM148.00/year

Subscribe

1 month

Free Trial

For new subscribers only

Subscribe
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

William Cheng , debt notes , Lion Corp

   

Report it to us.

Next In Business News
Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.