Boustead Holdings Bhd has revised its cash call via a renounceable right issue on a minimum subscription basis of RM641.45mil instead of the earlier RM1.05bil.
It said on Friday the revision was after the board’s assessment of the cash flow requirements of the group.
To achieve the level of subscription of the rights shares under the minimum subscription basis, it will procure the undertakings from Lembaga Tabung Angkatan Tentera (LTAT) and Boustead deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin to subscribe for their entitled rights shares.
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It said on Friday the revision was after the board’s assessment of the cash flow requirements of the group.
To achieve the level of subscription of the rights shares under the minimum subscription basis, it will procure the undertakings from Lembaga Tabung Angkatan Tentera (LTAT) and Boustead deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin to subscribe for their entitled rights shares.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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