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BNM okays Hubline plan to issue more warrants to third party investors
by hlk Wed 04 Jan 2012, 19:26
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.
(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.
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