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.