United Kingdom

Lion Corp (4912.T)

4912.T on Tokyo Stock Exchange

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Fri, Sep 29 2017

BRIEF-Lion to fully acquire CJ Lion

* Says it plans to raise stake in CJ Lion Corporation to 100 percent from 99 percent in late December

BRIEF- R&I upgrades Lion's rating to "A" and announces stable rating outlook -R&I

* Says Rating and Investment Information, Inc. (R&I) raised the company's issuer rating to "A" from "A-" -R&I

BRIEF-Lion Corp is expected to post operating profit of about 12 bln Yen for H1 - Nikkei

* Lion Corp is expected to post an operating profit of about 12 billion yen ($106 million) for the fiscal first half - Nikkei

BRIEF- Lion to set up JV with Wilmar International

* Says it plans to set up a joint venture (JV) in order to advance plant-based surfactant business with the Wilmar International Limited Group, a major Singapore-headquartered agribusiness group, in Singapore

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