KUALA LUMPUR: Shares of DBE Gurney Resources Bhd rose in active trade on Wednesday, March 30 ahead of the listing of additional 593.33 million new shares and 200 million warrants on Thursday.
At 4.41pm, DBE was up 2.5 sen to 16 sen with 40.34 million shares done.
The FBM KLCI rose 10.35 points to 1,530.44. Turnover was 2.24 billion shares valued at RM2.32 billion. Advancing counters beat decliners 598 to 273 while 261 stocks were unchanged.
The new shares of 10 sen were issued pursuant to the rights issue with warrants and capitalisation of amounts due to director and creditors settlement.
The corporate exercise involved a renounceable rights issue of 400 million new shares of 10 sen each in DBE Gurney on the basis of five rights shares for every one held, together with 200 million free detachable warrants on the basis of one warrant for every two right shares.
DBE Gurney also issued 83.33 million new shares to settle the debt owing to a director while it settle RM11 million debt owed to trade creditors by issuing 110 million new shares.
At 4.41pm, DBE was up 2.5 sen to 16 sen with 40.34 million shares done.
The FBM KLCI rose 10.35 points to 1,530.44. Turnover was 2.24 billion shares valued at RM2.32 billion. Advancing counters beat decliners 598 to 273 while 261 stocks were unchanged.
The new shares of 10 sen were issued pursuant to the rights issue with warrants and capitalisation of amounts due to director and creditors settlement.
The corporate exercise involved a renounceable rights issue of 400 million new shares of 10 sen each in DBE Gurney on the basis of five rights shares for every one held, together with 200 million free detachable warrants on the basis of one warrant for every two right shares.
DBE Gurney also issued 83.33 million new shares to settle the debt owing to a director while it settle RM11 million debt owed to trade creditors by issuing 110 million new shares.
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