KUALA LUMPUR: BERJAYA CORPORATION BHD [] had proposed to issue of up to RM767.49 million via new debt notes with up to 767.49 million warrants.
It said on Monday, Sept 19 it had proposed a renounceable rights issue of up to RM767.49 million nominal value of new irredeemable convertible unsecured loan stocks (ICULS) with up to 767.49 million warrants.
The warrants would be on the basis of one RM1 nominal value of new ICULS together with one warrant for every six BCorp shares. The coupon rate is 5% per annum.
BCorp also proposed to exempt Tan Sri Vincent Tan Chee Yioun and persons acting in concert with him from the obligation to undertake a mandatory take-over offer for all the BCorp shares, 50 sen 0% ICULS 2005/2015, new ICULS and warrants not already owned by him and parties acting in concert.
It said on Monday, Sept 19 it had proposed a renounceable rights issue of up to RM767.49 million nominal value of new irredeemable convertible unsecured loan stocks (ICULS) with up to 767.49 million warrants.
The warrants would be on the basis of one RM1 nominal value of new ICULS together with one warrant for every six BCorp shares. The coupon rate is 5% per annum.
BCorp also proposed to exempt Tan Sri Vincent Tan Chee Yioun and persons acting in concert with him from the obligation to undertake a mandatory take-over offer for all the BCorp shares, 50 sen 0% ICULS 2005/2015, new ICULS and warrants not already owned by him and parties acting in concert.
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