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The Lion Group has completed its debt and corporate restructuring exercise and has asked the KLSE for the resumption of trading in the shares of four of its publicly-listed units.
TAP Resources Bhd intends to raise cash via a rights issue, bonds and borrowings to part finance its portion of the cost of setting up a liquefied natural gas (LNG) plant in Kota Kinabalu in which it would hold a 40% equity stake.
PULP and paper producer Lion Forest Industries Bhd has a deadline to meet this month.
Lion Forest Industries Bhd (Lion FIB) shares are in for a re-rating, given the completion of the massive restructuring of the Lion group and the improving balance sheets of its member companies, SBB Securities said.