PETALING JAYA: Sinmah Capital Bhd
is proposing to issue new renounceable rights shares with free detachable warrants, seeking to raise at least RM15.27mil for a property development project in Melaka.
Five rights shares will be offered to shareholders holding two Sinmah shares, it said in a filing with Bursa Malaysia. The rights shares will be issued with free warrants to “sweeten” the deal for investors.
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