KUALA LUMPUR: PANTECH GROUP HOLDINGS BHD []'s share price advanced on Thursday, July 1 after the company proposed a bonus issue of up to 77.24 million new shares on a one-for-five basis, a renounceable rights issue of up to RM77.24 million nominal value of 7-year 7% irredeemable convertible unsecured loan stocks (ICULS).
At 10.40am, the stock gained half a sen to 86 sen with 30,000 shares done.
The ICULS''will be issued on the basis of two 10 sen nominal value of ICULS for every one share together with 77.24 million''free detachable warrants. It proposed one warrant for every 10 ICULS subscribed.
At 10.40am, the stock gained half a sen to 86 sen with 30,000 shares done.
The ICULS''will be issued on the basis of two 10 sen nominal value of ICULS for every one share together with 77.24 million''free detachable warrants. It proposed one warrant for every 10 ICULS subscribed.
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