KUALA LUMPUR (Bernama) -- G Capital Bhd (GCAP) will undertake a renounceable rights issue that entails the issuance of up to RM102.62 million of 1.28 billion redeemable convertible unsecured loan stocks (RCULS), mainly to part-finance projects involving renewable energy (RE) solutions.
In a filing with Bursa Malaysia today, GCAP said the proposed rights issue enables the group to raise up to RM102.62 million at a fixed funding cost for a period of five years, thereby reducing its exposure to interest rate fluctuations.