KUALA LUMPUR: Lion Industries Corporation Bhd
’s (LICB) Amsteel Mills Sdn Bhd is selling its 100% stake in in Antara Steel Mills Sdn Bhd to Singapore’s Esteel Enterprise Pte Ltd for US$122mil or RM509.96mil.
In a filing with Bursa Malaysia on Tuesday it said its 99% owned Amsteel was selling its entire 218 million shares and 30 million redeemable preference shares in Antara.
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