YB Ventures proposes one-for-two bonus issue of warrants

KUALA LUMPUR: YB Ventures Bhd has proposed to undertake a bonus issue of warrants to reward its shareholders and allow the group to obtain proceeds without incurring interest when the 3-year convertible warrants are exercised.

The tile manufacturer and information technology company will undertake a bonus issue of up to 749 million free warrants on the basis of one warrant for every two existing ordinary shares held on an entitlement date to be determined later.