Central Global proposes 1-for-2 free warrants, private placement

KUALA LUMPUR: Central Global Bhd (CGB) has proposed an issuance of one-for-two free warrants paired with a private placement exercise of up to 39.24 million new ordinary shares in CGB.

The proposed private placement representing not more than 30% of the enlarged total issued share capital of CGB will exclude any treasury shares.