Lion gets more from Antara Steel disposal

PETALING JAYA: Lion Industries Corp Bhd (LICB) said the “final adjusted consideration” from the disposal of its unit Antara Steel Mills Sdn Bhd had increased by RM26.15mil to RM697.74mil.

Total proceeds had increased due to the different exchange rate used and the date adopted for the closing of Antara’s account, it said in a filing with Bursa Malaysia yesterday.