| From Thestar.com.my: Lion Industries Corp Bhd has proposed a RM300mil Islamic securities programme by way of sukuk by Antara Steel Mills Sdn Bhd to enable the latter to tap into the domestic capital market at competitive interest rates. Antara is a wholly-owned subsidiary of Amsteel Mills Sdn Bhd, which is in turn a 99%-owned subsidiary of Lion Industries.
Through the Islamic securities programme, Lion Industries said in a filing with Bursa Malaysia that Antara would have cash inflow of RM300mil, of which RM130mil would be utilised to refinance the outstanding existing Islamic securities which were issued by Antara in 2005..............................................Full Article: Source
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