FSBM rights issue subscription rate reached 449.57%

KUALA LUMPUR: FSBM Holdings Bhd’s subscription applications for the rights issue in connection with the regularisation plan have reached a subscription rate of 449.57 per cent.

In a statement today, FSBM said that as at the close of acceptance, the total acceptances and excess applications for the rights issue with warrants stood at 1,063,945,972 rights shares, representing 449.57 per cent subscription of the total number of rights shares available for subscription under the rights issue with warrants.