I-Bhd to raise minimum of RM100mil from rights issue


  • Business
  • Thursday, 11 Jul 2019

Recent comments by the Selangor Menteri Besar on the potential of i-City being a part of Selangor

PETALING JAYA: I-Bhd plans to make a cash call by raising a minimum of RM100mil under a proposed rights issue of redeemable cumulative convertible preference shares (RCCPS).

The company said it was extending the maturity date of its redeemable convertible unsecured loan stocks (RCULS) of about RM201mil (RCULS extension) maturing on Aug 27, 2019 by three years.

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!
   

Next In Business News

Country Garden allowed to postpone first payments on three onshore bonds
Thai c.bank says intervenes to ease baht volatility, policy rate 'robust'
Indonesia's central bank delivers surprise rate rise to support rupiah
E-commerce bolsters consumption
The art of branding
ACE Market-bound Farm Price aims to raise RM24.5mil from IPO
PCG to focus on advancing growth initiatives, strengthening operational performance
The bead generation
HSS Engineers declares 1.21 sen dividend on strong FY23 financial performance
Asian FX gain as dollar droops, stocks track Wall Street higher

Others Also Read