KUALA LUMPUR: CHUAN HUAT RESOURCES BHD [] has proposed a corporate exercise which includes a bonus issue, renounceable rights issue and an increase in authorised share capital.
The company announced on Tuesday, July 27 the bonus issue would involve one bonus shares for every three shares held.
The proposed renounceable rights issue of 41.78 million five-year warrants 2010/2015 would be on the basis of one warrant for every four shares held after the proposed bonus issue at an issue price of two sen per warrant.
Chuan Huat said it planned to increase the authorised share capital from RM100 million comprising 200 million shares to RM500 million comprising one billion shares by the creation of an additional 800 million shares.
The company announced on Tuesday, July 27 the bonus issue would involve one bonus shares for every three shares held.
The proposed renounceable rights issue of 41.78 million five-year warrants 2010/2015 would be on the basis of one warrant for every four shares held after the proposed bonus issue at an issue price of two sen per warrant.
Chuan Huat said it planned to increase the authorised share capital from RM100 million comprising 200 million shares to RM500 million comprising one billion shares by the creation of an additional 800 million shares.
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