Wednesday, September 22, 2010

Handal up on rights issue plan

KUALA LUMPUR: Handal Resources Bhd's shared advanced on Wednesday, Sept 22 after the company proposed a renounceable rights issue of 60 million new shares of 50 sen each.

At 9.41am, Handal was up 11.5 sen to 91.5 sen with 4.05 million shares done.

Handal also planned to offer 60 million new free detachable warrants on the basis of two rights shares and two free warrants for every three existing Handal shares held.

It also proposed a bonus issue of 20 million shares on the basis of one bonus share for every three rights shares fully subscribed.


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