Prolexus proposes 5-for-1 rights issues to raise up to RM103mil

Prolexus executive director Datuk Au Yee Boon

KUALA LUMPUR: Prolexus Bhd has proposed a five-for-one renounceable rights issue to raise between RM16.2mil and RM102.6mil.

In a statement, Prolexus said the rights issues entailed the issuance of up to RM102.6mil of nominal value of 2.05 billion five-year, 0.1% irredeemable convertible unsecured loan stocks (ICULS) at 100% of its nominal value of RM0.05 each.