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Business 12 Sep 2006 | 12:00 AM Premium

LionFIB may be taken private

Lion Forest Industries Bhd (LionFIB) shares have been drawing some buying interest recently amid market talk that the company may be taken private by Lion Industries Corp Bhd (LionInd), which already owns 81% of the company.

Business 06 Jul 2006 | 12:00 AM Premium

LFIB returning SFI sale proceeds to shareholders

Lion Forest Industries Bhd (LFIB) has proposed to pay its shareholders RM252.18mil in capital repayment following the sale of Sabah Forest Industries Sdn Bhd (SFI) to Ballarpur Industries Ltd and JP Morgan Securities (Asia Pacific) Ltd.

Business 10 Jun 2006 | 12:00 AM Premium

Snapshots

Susan Tam writes on: Lion Forest Industries, Tenaga Nasional and Berjaya Toto

Business 07 Jun 2006 | 12:00 AM Premium

Uncertainties hit LionFIB on news of SFI sale

Shares in Lion Forest Industries Bhd (LionFIB) tumbled 11.28% yesterday, shedding 44 sen to RM3.46 as investors sold down the stock on concerns that the company would lose its major earnings provider Sabah Forest Industries Sdn Bhd (SFI), dealers said.

Business 06 Jun 2006 | 12:00 AM Premium

Minority shareholders await bumper dividend

The proposed disposal of Lion Forest Industries Bhd's (LionFIB)'s forest assets is expected to result in a significant payoff for its shareholders in the form of capital repayment or special dividends. This is widely anticipated by its minority shareholders.

Business 06 Jun 2006 | 12:00 AM Premium

LionFIB sells SFI for RM944m

India's largest paper and pulp company Ballarpur Industries Ltd and JP Morgan Securities (Asia Pacific) Ltd will acquire Lion Forest Industries Bhd's (LionFIB) pulp unit for US$261mil or over RM944mil.

Business 31 May 2006 | 12:00 AM Premium

Snapshots

Yvonne Yap writes in IOI Corp and Lion Forest.

Business 05 May 2006 | 12:00 AM Premium

Talks on unit sale pushes up Lion Forest

Lion Forest Industries Bhd shares have risen sharply over the past couple of weeks over speculation that unit Sabah Forest Industries (SFI) might be sold.

Nation 03 May 2006 | 12:00 AM Premium

Buck up, CM tells timber licensees

Implementation of sustainable forest management by timber licensees in Sabah has not been up to expectations, Chief Minister Datuk Musa Aman said.

Business 10 Apr 2006 | 12:00 AM Premium

New benchmark value for timber concessions

A BULLISH report on the timber sector by CLSA stirred much interest in the large timber stocks last week.