RENOUNCEABLE RIGHTS ISSUE OF UP TO 390,023,853 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN ASIA POLY HOLDINGS BERHAD ("ASIA POLY") ("ICPS") ON THE BASIS OF 1 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN ASIA POLY ("ASIA POLY SHARE") HELD AS AT 5.00 P.M. ON 17 NOVEMBER 2017 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.05 PER ICPS, TOGETHER WITH UP TO 97,505,963 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 4 ICPS SUBSCRIBED FOR ("RIGHTS ISSUE OF ICPS WITH WARRANTS")
Anyone can brief what is this? same like normal Right Issue 1:1 calculation?? *** Seeking for guidance, TQ... ***
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IANFUJI
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Posted by IANFUJI > 2017-11-07 11:56 | Report Abuse
Anybody know the impact to the warrant price due to this exercise?