PETALING JAYA: FBG Holdings Bhd, a turnkey contractor and property developer, has proposed to undertake a renounceable rights issue with warrants.
In a statement, it said the exercise will entail the issuance of up to 836.6 million new ordinary shares on the basis of three rights shares for every four existing shares held, together with up to 278.9 million free detachable warrants on the basis of one warrant for every three rights shares subscribed by the entitled shareholders.
