KNM Group Bhd has fixed the issue price of the two-call right shares at RM1, payable in 40 sen cash for the first call right and 60 sen capitalised from the company's share premium account for the second one.
In a filing to Bursa Malaysia today, KNM said the subscribing entitled shareholders of the company will not be required to make any further cash payment after the payment for the first call.
The company has also fixed the exercise price for the warrants at RM1 for every one new KNM share, it said.
KNM has proposed a two-call right issue of 488.92 million new ordinary shares on the basis of one rights share for every two existing shares together and 488.92 million detachable warrants on the basis of one warrant for every one rights share subscribed. -- Bernama
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 7329 views | 6 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nicermannson
that means free wa is worth 32 sen
2012-09-25 22:47