KUALA LUMPUR: Comfort Gloves Bhd has proposed to issue free warrants to its shareholders.
The warrants, convertible into new shares, would enable the company to raise as much as RM452.7mil for capital expenditure.
"The exact quantum of proceeds that may be raised by the Company will depend on the actual number of Warrants exercised during the five years tenure of Warrants," the glove maker said in Bursa Malaysia filing.
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