Inari Amertron has proposed a 1-for-8 rights issue at an indicative price of MYR1.50. The rights shares will come with free warrants at a 1:1 ratio at a MYR2.00 exercise price. We advise investors to subscribe for the rights shares as we believe the proceeds raised (estimated at >MYR100m) will likely be used to expand its core businesses to propel earnings growth in the long run. Hence, we maintain BUY, with our FV still at MYR3.49 (or MYR3.16 ex-rights).
Source: RHB
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INARICreated by kiasutrader | Jun 14, 2016
Created by kiasutrader | May 05, 2016
hgling
May I know what will happen to existing warrant if not converted to mother share?
2014-07-07 15:22