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BRIEF-Fu Yu Corporation Proposes S$20.3 Million Exercise To Privatise Bursa-Listed Lcth​

Dec 7 (Reuters) - Fu Yu Corporation Ltd:

* ‍FU YU PROPOSES S$20.3 MILLION EXERCISE TO PRIVATISE BURSA-LISTED LCTH​

* SAYS PLANS REPAYMENT EXERCISE TO CANCEL 105.7 MILLION LCTH SHARES OR 29.36% OF LCTH'S SHARE CAPITAL THAT IT DOES NOT OWN​

* SAYS ‍ENTITLED SHAREHOLDERS OF LCTH WILL RECEIVE CASH PAYMENT OF RM0.58 PER SHARE​

* FU YU CORPORATION SAYS ‍GROUP DOES NOT INTEND TO MAINTAIN LCTH'S LISTING STATUS ON BURSA MALAYSIA AFTER DEAL GETS COMPLETED​ Source text for Eikon: Further company coverage: