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CORPORATE INFORMATION Board of Directors : Y. Bhg. Tan Sri William H.J. Cheng (Chairman and Managing Director) Y. Bhg. Tan Sri Cheng Yong Kim Y. Bhg. Datuk Emam Mohd Haniff bin Emam Mohd Hussain Y. Bhg. Datuk Mohd Yusof bin Abd Rahaman Y. Bhg. Datuk Karownakaran @ Karunakaran A/L Ramasamy Mr Folk Fong Shing @ Kok Fong Hing Mr M. Chareon Sae Tang @ Tan Whye Aun Secretaries : Ms Chan Poh Lan Puan Yasmin Weili Tan binti Abdullah Company No : 12890-A Registered Office : Level 14, Office Tower No. 1 Jalan Nagasari (Off Jalan Raja Chulan) 50200 Kuala Lumpur Tel No : 03-21420155 Fax No : 03-21413448 Homepage : http://www.lion.com.my/lioncor Share Registrar : Secretarial Communications Sdn Bhd Level 13, Office Tower No. 1 Jalan Nagasari (Off Jalan Raja Chulan) 50200 Kuala Lumpur Tel Nos : 03-21420155, 03-21418411 Fax No : 03-21428409 Auditors : Ong Boon Bah & Co B-10-1, Megan Avenue 1 189 Jalan Tun Razak 50400 Kuala Lumpur Principal Bankers : AmInvestment Bank Berhad Malayan Banking Berhad RHB Bank Berhad RHB Investment Bank Berhad Stock Exchange Listing : Bursa Malaysia Securities Berhad (“Bursa Securities”) Ordinary Shares Ordinary “A” Shares Warrants “B” 2009/2019 Stock Name : LIONCOR LIONCOR-OA LIONCOR-WB Bursa Securities Stock No : 3581 3581OA 3581WB Reuters Code : LION.KL LIONa.KL LIONW.KL ISIN Code : MYL3581OO005 MYL3581OA004 MYL3581WBT48 4
DIRECTORS’ PROFILE Tan Sri William H.J. Cheng Non-Independent Chairman and Managing Director Y. Bhg. Tan Sri William H.J. Cheng, a Malaysian, aged 67, was appointed to the Board on 27 September 1972 and has been the Chairman since 1977 and Managing Director of the Company since 1973. Tan Sri William Cheng has more than 35 years of experience in the business operations of The Lion Group encompassing steel, retail, property development, tyre, computer, motor and plantation. He oversees the operation of the Company and is responsible for formulating and monitoring the overall corporate strategic plans and business development of the Company. Tan Sri William Cheng is the President of The Associated Chinese Chambers of Commerce and Industry of Malaysia and The Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor. Tan Sri William Cheng’s other directorships in public companies are as follows: • Chairman of Lion Diversified Holdings Berhad, Lion Forest Industries Berhad and Silverstone Corporation Berhad • Chairman and Managing Director of Parkson Holdings Berhad and Silverstone Berhad • Director of ACB Resources Berhad Save for Silverstone Corporation Berhad, Silverstone Berhad and ACB Resources Berhad, all the above companies are public listed companies. Tan Sri William Cheng has a direct shareholding of 458,685 ordinary shares of RM1.00 each in the Company (“LCB Share”) and an indirect interest in 1,569,685,981 LCB Shares. In addition, he also has an indirect interest in LCB Shares by virtue of (i) RM275,214,524 nominal value of redeemable convertible secured loan stocks with a right to convert into 275,214,524 new LCB Shares at a conversion price of RM1.00 for every one new LCB Share; and (ii) 10,203,307 warrants with a right to subscribe for one new LCB Share for every one warrant held at RM1.00 per new LCB Share. By virtue of his substantial interest in the Company, he is deemed to be interested in the subsidiaries of the Company, both wholly-owned and those set out on pages 126 and 127 of this Annual Report. He also has interest in a company which conduct similar business with the Group in the property development sector. Tan Sri William Cheng is the uncle of Y. Bhg. Tan Sri Cheng Yong Kim, a Director and major shareholder of the Company. Tan Sri William Cheng attended all six (6) Board Meetings of the Company held during the financial year ended 30 June 2010. 5
Page 2 and 3: CONTENTS Page Notice of Meeting 1 C
Page 4 and 5: 6.1.2 Proposed Shareholders’ Mand
Page 8 and 9: Tan Sri Cheng Yong Kim Non-Independ
Page 10 and 11: Folk Fong Shing @ Kok Fong Hing Ind
Page 12 and 13: Supply of Information The Board as
Page 14 and 15: 3. RELATIONS WITH SHAREHOLDERS AND
Page 16 and 17: AUDIT COMMITTEE REPORT COMPOSITION
Page 18 and 19: ACTIVITIES DURING THE FINANCIAL YEA
Page 20 and 21: NOMINATION COMMITTEE Chairman : Mr
Page 22 and 23: THE GROUP’S BUSINESSES • Aerial
Page 24 and 25: sebanyak 25%. Kesan positif pengumu
Page 26 and 27: CHAIRMAN’S STATEMENT On behalf of
Page 28 and 29: 主席报告我谨代表董事部,
Page 30 and 31: FINANCIAL STATEMENTS 2010 For The F
Page 32 and 33: DIRECTORS’ INTERESTS (continued)
Page 34 and 35: OTHER STATUTORY INFORMATION Before
Page 36 and 37: INCOME STATEMENTS FOR THE FINANCIAL
Page 38 and 39: BALANCE SHEETS (continued) AS AT 30
Page 40 and 41: Group STATEMENTS OF CHANGES IN EQUI
Page 42 and 43: CASH FLOW STATEMENTS FOR THE FINANC
Page 44 and 45: NOTES TO THE FINANCIAL STATEMENTS 3
Page 46 and 47: 3. SIGNIFICANT ACCOUNTING POLICIES
Page 56 and 57:
3. SIGNIFICANT ACCOUNTING POLICIES
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4. CHANGES IN ACCOUNTING POLICIES (
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
5. CRITICAL ACCOUNTING JUDGEMENTS A
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9. PROFIT/(LOSS) FROM OPERATIONS Th
Page 68 and 69:
11. OVER PROVISION FOR LOSS Pursuan
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14. PROPERTY, PLANT AND EQUIPMENT F
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14. PROPERTY, PLANT AND EQUIPMENT (
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14. PROPERTY, PLANT AND EQUIPMENT (
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18. INVESTMENT IN SUBSIDIARIES 74 C
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18. INVESTMENT IN SUBSIDIARIES (con
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18. INVESTMENT IN SUBSIDIARIES (con
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19. INVESTMENT IN ASSOCIATES Group
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20. OTHER INVESTMENTS Long Term Inv
Page 86 and 87:
21. TRADE AND OTHER RECEIVABLES Gro
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22. DEFERRED TAXATION (continued) D
Page 90 and 91:
26. NON-CURRENT ASSETS CLASSIFIED A
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29. PREFERENCE SHARES Megasteel iss
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29. PREFERENCE SHARES (continued) T
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30. BORROWINGS (continued) The weig
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30. BORROWINGS (continued) (A) Synd
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31. REDEEMABLE CONVERTIBLE SECURED
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32. BONDS AND DEBTS Group Company 2
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32. BONDS AND DEBTS (continued) (A)
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33. DEFERRED LIABILITIES 104 Group
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36. EMPLOYEE BENEFITS (a) Defined B
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36. EMPLOYEE BENEFITS (continued) (
Page 112 and 113:
39. RELATED PARTY TRANSACTIONS Rela
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40. SEGMENTAL ANALYSIS (continued)
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40. SEGMENTAL ANALYSIS (continued)
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42. FINANCIAL INSTRUMENTS Financial
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42. FINANCIAL INSTRUMENTS (continue
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INDEPENDENT AUDITORS’ REPORT TO T
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LIST OF GROUP PROPERTIES AS AT 30 J
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Thirty Largest Registered Sharehold
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Thirty Largest Registered Warrant H
Page 130 and 131:
OTHER INFORMATION (I) MATERIAL CONT
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(IV) STATUS OF CONDITIONS IMPOSED B
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✄ FORM OF PROXY CDS ACCOUNT NUMBE
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