KUALA LUMPUR: PRESS METAL BHD []'s US$700 million smelter plant in Samalaju, Sarawak will start operations in the third quarter of 2012.
Its group chief executive officer Datuk Paul Koon said on Wednesday, June 29, said the plant would be financed from borrowings and also a rights issue.
On June 13, the company received Bursa Malaysia Securities Bhd's approval to list and quote up to RM323.73 million nominal value of eight year 6% redeemable convertible secured loan stocks.
The regulator also approved the listing and quotation for up to 147.15 million new shares to be issued when the warrants are exercised.
Its group chief executive officer Datuk Paul Koon said on Wednesday, June 29, said the plant would be financed from borrowings and also a rights issue.
On June 13, the company received Bursa Malaysia Securities Bhd's approval to list and quote up to RM323.73 million nominal value of eight year 6% redeemable convertible secured loan stocks.
The regulator also approved the listing and quotation for up to 147.15 million new shares to be issued when the warrants are exercised.
No comments:
Post a Comment