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Lion Industries gets higher amount of RM697 74mil from disposal of Antara Steel

KUALA LUMPUR: Lion Industries Corporation Bhd (LICB) said the "final adjusted consideration” from the disposal of its unit Antara Steel Mills Sdn Bhd had increased by RM26.15 million to RM697.74 million (US$165.63 million).

Lion Industries gets higher amount of RM697 74m from disposal of Antara Steel Mills | Money

KUALA LUMPUR, April 8 Lion Industries Corporation Bhd (LICB) said the “final adjusted consideration” from the disposal of its unit Antara Steel Mills Sdn Bhd had increased by RM26.15 million to RM697.74 million (US$165.63 million). Total proceeds had increased due to the different exchange.

The Week That Was: CPO price, Lion Idustries, IMF growth cut

OIL palm companies are expected to make windfall profits, as the benchmark price of crude palm oil (CPO) futures on Bursa Derivatives soared to a new high of RM5,021 a tonne on Wednesday.

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