Monday, 22 July 2013

Lion Corp's Megasteel to pay RM213m to Tenaga as debt settlement

Lion Corp Bhd's subsidiary Megasteel Sdn Bhd will pay Tenaga Nasional Bhd RM213.3m as full debt settlement. The payment will be made in nine equal installments commencing 31 July 2013 and arises from a lawsuit filed on 28 Nov 2012 where Tenaga sought payment for unsettled bills. (BMSB, Financial Daily)

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