PETALING JAYA: Ge-Shen Corp Bhd
, which received a takeover offer from Pelita Niagamas Sdn Bhd on Tuesday, announced that the GE-Shen redeemable convertible preference shares (RCPS) was issued on April 17 at an issue price of RM0.60 per Ge-Shen RCPS.
In a filing with the stock exchange, the plastic mould products manufacturer clarified that each RCPS would be convertible into one Ge-Shen share at the option of the holder.
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