Annual Report 2007 - The Lion Group

AMSTEEL CORPORATION BERHAD
(Incorporated in Malaysia)
LEVEL 1 SPONSORED AMERICAN
DEPOSITARY RECEIPT PROGRAMME
The Company has registered with the Securities and Exchange Commission of the United States of America a Level 1
Sponsored American Depositary Receipt (“ADR”) Programme on 30 December 1992.
Under the ADR Programme, a maximum of 5% of the total issued and paid-up share capital of the Company will be
traded in the US OTC Market in the United States of America in the ratio of one ADR for every one ordinary share
of RM1.00 each fully paid in the Company. The Company’s trading symbol on the US OTC Market is AMSBY and its
CUSIP number is 032182206.
The depositary bank for the ADR Programme is The Bank of New York and the sole custodian of the Company’s shares
for the ADR Program is Malayan Banking Berhad (“MBB”), Kuala Lumpur.
As at 30 September 2007, 60,196 shares representing 0.005% of the total issued and paid-up share capital of the
Company were deposited with MBB for the ADR Programme.
As the Company’s securities was de-listed from the Official List of Bursa Malaysia Securities Berhad on 11 October
2007, the Company will be terminating the ADR Programme.
OTHER INFORMATION
(I)
Recurrent Related Party Transactions
The aggregate value of transactions conducted during the financial year ended 30 June 2007 were as follows:
Amount
Nature of Recurrent Transactions Related Parties RM’000
(1) Property
Provision and obtaining of rental of premises
Lion Industries Corporation
Berhad Group (“LICB Group”) (1) 755
Lion Diversified Holdings Berhad
Group (“LDHB Group”) (1) 129
Amalgamated Containers Berhad
(now known as Parkson Holdings
Berhad) Group (“Parkson Group”) (1) 620
(2) Plantation and agricultural products
Provision of landscaping projects or services
Lion Development (Penang)
Sdn Bhd Group (1) 248
LICB Group (1) 26
111