In a filing with Bursa Malaysia, the property developer said the proposed bonus issue of warrants would entail up to 693.95 million new warrants on the basis of one new warrant for every five existing Eco World shares held by the entitled shareholders on an entitlement date to be determined and announced later.
PETALING JAYA: Eco World Development Group Bhd
has proposed to undertake a bonus issue of warrants to strengthen its financial position and capital base as well as providing additional working capital for the group.
In a filing with Bursa Malaysia, the property developer said the proposed bonus issue of warrants would entail up to 693.95 million new warrants on the basis of one new warrant for every five existing Eco World shares held by the entitled shareholders on an entitlement date to be determined and announced later.
The new warrants would be issued at no cost to the entitled shareholders, it said.
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