Shares of Lion Corp fell to 31 sen in late trade on Thursday, April 14, the lowest in three weeks in line with the weaker market.
At 3.57pm, it was down two sen to 31 sen with 13.64 million shares done. This was the lowest since March 23.
On April 7, it announced that it was seeking the approval from the lenders to defer the repayment of its bonds and the coupon on loan stocks from April 30 to July 31.
It had issued notices of meetings dated April 6, to the holders of the bond, US dollar debts and redeemable convertible secured loan stocks (RCSLS) which it had issued.
The deferment involved the redemption of the outstanding nominal value of the Lion Corp B(a) bonds, class B (b) bonds amounting to RM54.35 million; repayment of the outstanding nominal value of the B debts amounting to US$100,000.
It also sought the deferment on the payment of the coupon on the class B(a) RCSLS, class B(b) RCSLS and Class B(c) RCSLS amounting to RM26.97 million.
Lion Corp said the meeting of the lenders was scheduled to be held on April 26, 2011.
At 3.57pm, it was down two sen to 31 sen with 13.64 million shares done. This was the lowest since March 23.
On April 7, it announced that it was seeking the approval from the lenders to defer the repayment of its bonds and the coupon on loan stocks from April 30 to July 31.
It had issued notices of meetings dated April 6, to the holders of the bond, US dollar debts and redeemable convertible secured loan stocks (RCSLS) which it had issued.
The deferment involved the redemption of the outstanding nominal value of the Lion Corp B(a) bonds, class B (b) bonds amounting to RM54.35 million; repayment of the outstanding nominal value of the B debts amounting to US$100,000.
It also sought the deferment on the payment of the coupon on the class B(a) RCSLS, class B(b) RCSLS and Class B(c) RCSLS amounting to RM26.97 million.
Lion Corp said the meeting of the lenders was scheduled to be held on April 26, 2011.
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