NPC Resources Bhd (NPC) has proposed a 1-for-2 bonus issue of 40 million new RM1 shares. The company has also proposed a renounceable rights issue of 40 million new warrants on the basis of 1 warrant right for every 2 existing NPC shares at an indicative issue price of 20 sen per warrant.
The proposed warrants shall have a 5-year tenure, the company said in a statement.
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