KUALA LUMPUR: Shares in Jerasia Capital Bhd fell over 12% in early trade Tuesday on dilution concerns after the company said it would carry out a rights issue with free warrants to raise a minimum of RM228mil for glove ventures.
The apparel manufacturer and fashion retailer fell 12.5%, or 5.5 sen to 38.5 sen, its lowest in about three weeks. It is currently trading at a PE ratio of about 15 times.
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