KUALA LUMPUR (Jan 4): HUBLINE BHD [] has received Bank Negara Malaysia’s (BNM) approval to issue additional warrants to third party investors subscribing to its shares under a proposed private placement exercise.
The company said on Wednesday it had received BNM’s letter, dated Dec 23, for the share issuance for the placement exercise, which might include non-resident investors.
Hubline had proposed to place out new share of20 sen each, representing up to 16.45% of its paid-up together with free detachable warrants on the basis of three additional warrants for every two placement shares subscribed.
The company said on Wednesday it had received BNM’s letter, dated Dec 23, for the share issuance for the placement exercise, which might include non-resident investors.
Hubline had proposed to place out new share of20 sen each, representing up to 16.45% of its paid-up together with free detachable warrants on the basis of three additional warrants for every two placement shares subscribed.
