Friday 13 January 2012

Hiap Teck 354m new shares to list on Monday

KUALA LUMPUR (Jan 13): HIAP TECK VENTURE BHD []’s additional 354.14 million new shares under its rights issue will be listed on Monday, Jan 16.

A Bursa Malaysia circular said on Friday that the company’s 88.53 million warrants will also be listed on that day.

The new shares arose from the issuance of 354.14 million rights shares at an issue price of 50 sen per rights share with 88.53 million warrants on the basis of one rights share for every one share held and also one warrant for every four rights shares subscribed.



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