Economic Calendar

Friday, May 29, 2009

Lion Industries Has Largest Drop in Eight Days on Quarterly Loss

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By Tien Hin Chan

May 29 (Bloomberg) -- Lion Industries Corp., a Malaysian steelmaker, fell the most in eight days in Kuala Lumpur trading after the company reported a loss of 259.9 million ringgit in the fiscal third quarter ended March.


The stock slid 5.9 percent to 1.27 ringgit at 9:59 a.m. local time, set for the biggest decline since May 21.



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