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Kimlun Corporation Bhd Announces Proposed Renounceable Rights Issue Of 60,112,500 New Ordinary Shares


Thursday, 31 Oct 2013 05:42am EDT 

Kimlun Corporation Bhd announced that the Company proposes to undertake a renounceable rights issue of 60,112,500 Rights Shares on the basis of one Rights Share for every four existing Kimlun Shares held together with 60,112,500 Warrants on the basis of one Warrant for every one Rights Share subscribed for, based on an entitlement date to be determined later. Based on the indicative issue price of MYR1.10 per Rights Share, the total gross proceeds of MYR66,124,000 raised from the Proposed Rights Issue with Warrants will be utilised for Working Capital and Estimated expenses in relation to the Proposed Rights Issue with Warrants. 

Company Quote

1.51
0.01 +0.67%
17 Sep 2014