PETALING JAYA: In a corporate exercise aimed at raising funds to reduce its debt and increase the liquidity of its shares, ACE Market-listed ES Ceramics Bhd is proposing a one-for-one rights issue that is coupled with a free warrant.
As part of the same exercise, the company is also offering shareholders a bonus issue of shares, on the basis of one bonus share for every one rights share that a shareholder subscribes to.
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