BREM HOLDINGS BHD has proposed a rights issue with a warrants as well as a bonus issue, which would result its paid-up capital doubling.
In a filing to the MSEB on Saturday, Brem said it was proposing a renounceable rights issue of up to 19.5 million new RM1 shares together with up to a maximum of 39 million free detachable warrants on the basis of one rights issue with two free warrants for every four existing shares held, at an issue price of RM1.20 per share.
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