KUALA LUMPUR: The Securities Commission has revised Selgoa Holdings Bhd's proposed corporate exercise involving the issuance of rights shares.
Seloga said on Monday, Sept 13 the revised exercise would involve a renounceable rights issue of up to 49.12 million rights shares with up to 73.68 million free detachable warrants.
This would be at a proposed issue price of 25 sen per rights share, on the basis of two rights shares together with three free warrants for every five ordinary shares of 25 each held after the proposed capital restructuring.
The initial proposal was a proposed renounceable rights issue of up to 107.30 million rights shares at 25 sen per rights share, on the basis of four rights shares for every five ordinary shares of 25 sen each held after the proposed capital restructuring.
Seloga said on Monday, Sept 13 the revised exercise would involve a renounceable rights issue of up to 49.12 million rights shares with up to 73.68 million free detachable warrants.
This would be at a proposed issue price of 25 sen per rights share, on the basis of two rights shares together with three free warrants for every five ordinary shares of 25 each held after the proposed capital restructuring.
The initial proposal was a proposed renounceable rights issue of up to 107.30 million rights shares at 25 sen per rights share, on the basis of four rights shares for every five ordinary shares of 25 sen each held after the proposed capital restructuring.
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