KUALA LUMPUR: Kerjaya Prospek Property Bhd
(KPProp) has proposed a renounceable rights issue of up to RM324.88mil to fund its existing and future property development projects, as well as to repay bank borrowings.
In a filing with Bursa Malaysia, the company said the proposed issuance involves 1.16 billion renounceable rights issues of redeemable convertible unsecured loan stocks (RCULS) with an eight-year tenure and an annual interest rate of 4.2%, priced at 28 sen per unit.
