XiDeLang to raise up to RM111.9mil with corporate exercise


KUALA LUMPUR: China-based Xidelang Holdings Ltd plans to raise between RM42.45mil and up to RM111.9mil under a corporate exercise to fund its new design and production centre.

The company, which makes sport shoes and sportswear, has proposed a proposed renounceable rights issue of up to 322.66 million new shares of 10 US cents each at an issue price of 35 sen per rights share.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

XiDeLang , corporate exercise , funds , Bursa , new centre

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read