KUALA LUMPUR: Lion Corp Bhd has proposed to provide a RM30mil corporate guarantee to Tenaga Nasional Bhd (TNB) to ensure continuity of power supply to the its subsidiary Megasteel Sdn Bhd.
In a filing with Bursa Malaysia, Lion Corp said the guarantee was based on a mutual settlement between TNB and its 78.89%-owned Megasteel on April 10 over a financial claim made by the power company.
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