KUALA LUMPUR: Lion Industries Corp Bhd, Genting Malaysia Bhd, Ni Hsin Group Bhd, Bintulu Port Holdings Bhd, My E.G. Services Bhd, CN Asia Corporation Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
Lion Industries' 99%-owned subsidiary Amsteel Mills Sdn Bhd is selling the latter's 100% stake in Antara Steel Mills Sdn Bhd to Esteel Enterprise Pte Ltd for approximately US$158.82mil under an all-cash deal that will enable Lion Industries to unlock the value of Antara Steel for a disposal gain of around RM403.1mil and finance Lion Industries' planned expansion into the flat steel business.