OEB to raise working capital via bonus warrant issue

On Dec 11,2020, the loss-making restaurant chain had proposed a one-to-three share split and a bonus issue of one warrant for every two shares.

PETALING JAYA: Oversea Enterprise Bhd (OEB) can raise gross proceeds of up to RM101.75mil upon full exercise of its warrants, after a bonus issue of one warrant for every two shares, based on an illustrative exercise price of 23 sen per warrant.

On Dec 11,2020, the loss-making restaurant chain had proposed a one-to-three share split and a bonus issue of one warrant for every two shares.