YB Ventures rights issue 46.6% oversubscribed, raises RM48.4mil

YB Ventures executive director Datuk Au Yee Boon

KUALA LUMPUR: YB Ventures Bhd’s rights issue of irredeemable convertible unsecured loan stocks (ICULS) at 4 sen per rights share was oversubscribed by 46.6%.

In a statement Monday, YB Ventures said the 1.2 billion ICULS will be listed and quoted on the main market of Bursa Securities on Sept 10.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


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!

YB Ventures , ICULS , Rights Issue


Next In Business News

Oil settles up on Mideast tensions, posts weekly loss
Will EVs take off in Malaysia?
MAS keeps currency policy unchanged to fight elevated inflation
Adnoc decides BP is not the ‘right fit’
Vietnam VinFast’s challenges pose risk to Vingroup
Right time to tap into alternative investments
Singapore economy expands 2.7% in 1Q
Unlocking success
Traders bet ECB will chart own rate-cut path
Nextgreen IOI Pulp in production facility deal

Others Also Read