KUALA LUMPUR: WCT BHD [] has proposed to issue RM600 million nominal value of serial fixed rate bonds of up to five years with up to 181.08 million detachable warrants on a 'bought deal' basis to primary subscribers.
It said on Wednesday, July 28 the corporate exercise also involved a proposed offer for sale of the provisional rights to allotment of up to 181.08 million WCT warrants by the primary subscribers at an offer price to be determined later.
The exercise included issuing up to 121.08 million WCT warrants to the WCT shareholders on a renounceable basis of one WCT warrant for every eight existing shares.
It also proposed to issue 60 million warrants to entitled senior management of the WCT group.
It said on Wednesday, July 28 the corporate exercise also involved a proposed offer for sale of the provisional rights to allotment of up to 181.08 million WCT warrants by the primary subscribers at an offer price to be determined later.
The exercise included issuing up to 121.08 million WCT warrants to the WCT shareholders on a renounceable basis of one WCT warrant for every eight existing shares.
It also proposed to issue 60 million warrants to entitled senior management of the WCT group.
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