KUALA LUMPUR: Mag Holdings Bhd has proposed a bonus issue on the basis of one warrant for every four shares held which will enable it to raise RM84.90mil when the warranted are converted into shares.
Aquaculture-based MAG, formerly Xinghe Holdings Bhd, said on Thursday it the corporate exercise would involve one warrant C for every four shares. This would involve the issuance of up to 471.67 million warrants.
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