Thong Guan Industries to issue RM52.6m loan stocks


It said on Thursday the rights issue would be up to 52.60mil nominal value of five-year 5% irredeemable convertible unsecured loan stock (ICULS) at 100% of its nominal value of RM1 each.

The ICULS would be on the basis of one RM1 nominal value of ICULS for every two shares together with up to 26.30 million free new warrants on the basis of one warrant for every two ICULS subscribed.

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