KUALA LUMPUR: OCR Group Bhd
announced that its renounceable rights issue with free warrants reached a 101.1% subscription rate, raising gross proceeds of RM46.8 mil.
The integrated property developer said the rights issue involved the issuance of up to 1.3 billion new ordinary shares at an issue price of RM0.035 per rights share, based on two rights shares together with two free detachable warrants for every three existing OCR shares held.
