KUALA LUMPUR: Shares in Lion Industries Corp Bhd jumped over 15% amid positive market sentiment on the broader market. The counter added 15.87%, or 10 sen to 73 sen, its highest since mid-2018 with 106 million shares traded. Lion Industries appreciated 83.7% so far this year. Earlier, the Government announced that it is imposing provisional anti-dumping duties on imports of cold-rolled stainless steel in coils, sheets or any other form (subject merchandise) from Indonesia and Vietnam. Last week, Malaysia imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years. Lion Industries announced that it will be taking over China-based property developer Well Morning Ltd from Lion Diversified Holdings Bhd (LDHB) in a debt settlement agreement with LDHB. Meanwhile, Parkson Holdings Bhd rose 15.15%, or 2.5 sen to 19 sen, its highest in over three months. Year-to-date, Parkson has fallen some 15.91%.
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