Lion Industries sells Klang asset for RM45 mil to pare debts

KUALA LUMPUR (April 13): Lion Industries Corp Bhd is selling an industrial property in Kapar, Klang, to Yinson Corp Sdn Bhd for RM45 million to partly settle some outstanding debts owed by its 99%-owned Amsteel Mills Sdn Bhd (AMSB), after which it will lease back the asset from Yinson Corp.