November 18, 2016 / 9:51 AM / 3 years ago

BRIEF-IOI Properties Group proposes to undertake renounceable rights issue

Nov 18 (Reuters) - IOI Properties Group Bhd :

* Renounceable rights issue at an issue price of 1.38 rgt per rights share

* Proposed rights issue is mainly undertaken to raise funds to reduce the group’s borrowings

* Proposing to undertake renounceable rights issue of up to 1.11 billion new ordinary shares of 1.00 rgt each in IOIPG Source text : (bit.ly/2fCfIRe) Further company coverage:

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