August 22, 2008

GKG becomes substantial shareholder in Lion Industries

Thestar online reported that Singapore’s GKG Investment Holdings Pte Ltd has emerged as a substantial shareholder in Lion Industries Corp Bhd with an indirect stake of 37.36 million shares or 5.25%.

A filing with Bursa Malaysia showed that of the 37.36 million shares, a total of 24.66 million shares were held by GK Goh Strategic Holdings Pte Ltd. Alpha Securities Pte Ltd held another block of 6.2 million shares while Future Equity Investment Ltd owned 6.5 million shares.

Lion Industries manufactures steel bars, wire rods and hot briquetted iron. It has also interests in timber, pulp and paper mills.