Wednesday, January 5, 2011

Chuan Huat Resources warrants oversubscribed 16.45 times

KUALA LUMPUR: CHUAN HUAT RESOURCES BHD []'s rights issue of 41.79 million warrants was oversubscribed by 16.45 times.

It said on Wednesday, Jan 5 the total acceptances and excess applications received for the rights issue was for 729.26 million, or 1,745.10% of the 41.79 million warrants available.

Chuan Huat said the rights issue of the five-year 2011/2016 warrants was on the basis of one warrant for every four shares held at two sen per warrant held on Dec 16.

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