Original Description:
Company Background
The Company was incorporated in Singapore on 6 December 1968 as a private limited company under the name of Metal Containers (Pte) Ltd. On 18 December 1981, it turned public and changed its name to Metal Containers Ltd. In 1996, the Company was acquired by The Lion Group from Malaysia and adopted its present name. The major shareholders are currently Lion Corporation Berhad, Lion Diversified Holdings Berhad and Lion Industries Corporation Berhad, all of which are listed on Bursa Malaysia Securities Bhd.
The businesses of the Group are quicklime supply, scrap metal trading and investment holding.
The supply of quicklime is undertaken by Compact Energy Sdn Bhd ("Compact"), which is based in Banting, Malaysia. The processing plant occupies a land area of 10 aces and has an annual production capacity of 420,000 metric tons of quicklime. Compact also operates a hydrated lime plant, which has an annual output capacity of 72,000 metric tons.
LAP Trading & Marketing Pte Ltd is engaged in the trading of scrap metal.
LAP Exploration Pte Ltd holds an equity interest of approximately 17% in Mindax Limited, an Australia-listed minerals exploration company that has built a significant portfolio of iron, uranium, gold and copper projects in Western Australia's Yilgram Craton