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Business 01 Feb 2005 | 12:00 AM Premium

Lion Forest to buy Silverstone

Pulp and paper producer Lion Forest Industries Bhd (LionFIB) has proposed to acquire Silverstone Bhd, which manufactures tyres. Both LionFIB and Silverstone are members of the Lion group.

Business 20 Sep 2005 | 12:00 AM Premium

SC rejects Silverstone sale to Lion FIB unit

THE Securities Commission (SC) has not approved Silverstone Corp Bhd's proposal to sell the entire equity of Silverstone Bhd to Quay Class, a wholly-owned subsidiary of Lion Forest Industries Bhd (Lion FIB).

Business 22 Oct 2010 | 12:00 AM Premium

Lion Forest sells Silverstone to Toyo Tire for RM462mil

PETALING JAYA: Lion Forest Industries Bhd, owned by Lion Group, is selling its local tyre manufacturer Silverstone Bhd for RM462mil to Japan's Toyo Tire Rubber Co Ltd, as Lion Forest looks to realise and unlock the value in Silverstone and make a gain of RM140mil from the sale.

Business 03 Feb 2005 | 12:00 AM Premium

LionFIB share price falls on tyre takeover news

THE share price of pulp and paper producer Lion Forest Industries Bhd (LionFIB) was marked down from the opening bell yesterday following the announcement on Monday that it would pay RM225mil for tyre maker Silverstone Bhd.

Business 16 Jun 2005 | 12:00 AM Premium

Silverstone producing more premier tyres

Silverstone Bhd has expanded its range of premier tyres to remain competitive in the market, said managing director Phang Wai Yeen.

Business 19 Jul 2011 | 12:00 AM Premium

Toyo Tire to invest RM1.2bil in Perak

IPOH: Japanese tyre maker Toyo Tire Rubber Co Ltd, which has taken over Taiping-based Silverstone Bhd, aims to increase its annual production to 15 million units in the next five years, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said yesterday.

Business 27 Jan 2004 | 12:00 AM Premium

Motorsports feedback vital, says Silverstone

'For us, motorsports is an integral part of our business, as our range of products depends on motorsports for feedback on improvement,' Silverstone executive director Phang Wai Yeen told I>StarBiz /I>in an interview in Petaling Jaya.

Business 07 Mar 2007 | 12:00 AM Premium

Business news in brief

Briefs on: Bursa raps former directors of Comsa, Silverstone appeals against delisting, Green Packet gets nod for main board transfer, Tanjung Offshore unit gets RM30mil job, MARA appoints contractor for campus, Berjaya Sports Toto gets partial settlement, Antah shares to be suspended on March 12, Salcon gets SC nod for rights issue, Sunway secures hospital upgrade job, FTEC unit buys retail space in Sabah, Crest Builder to build mixed properties in PJ and Nova MSC plans private placement

Business 21 Sep 2005 | 12:00 AM Premium

Lion Forest shares higher on likely capital repayment

SHARES of Lion Forest Industries Bhd shot up in the last two days as investors anticipate a windfall from a capital repayment.

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.