KUALA LUMPUR: Land & General Bhd
’s renounceable rights issue of RM77.78mil loan stocks, comprising of 598.30 million rights irredeemable convertible unsecured loan stocks (ICULS) of 13 sen each, was oversubscribed by 49.41%.
The property development company said on Monday total valid acceptances and excess applications received were 893.92 million rights ICULS or an over-subscription of 295.62 million units.
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