Iconic Worldwide raises RM95.6mil in oversubscribed rights issue

Iconic Worldwide managing director James Tan Cho Chia

KUALA LUMPUR: Iconic Worldwide Bhd’s rights issue exercise and free warrants undertaken by the group have been oversubscribed.

The exercise involves 1.124 billion rights shares, with a ratio of two rights shares for every one existing Iconic Worldwide share. Additionally, it includes 749.8 million free warrants, with a ratio of two warrants for every three rights shares subscribed.