Fund raising is becoming increasingly difficult in the current market environment.
Boustead Holdings Bhd is one case in point where its rights issuance was oversubscribed by only 0.28%.
The close-to-even subscription rates makes a glaring statement especially for a big company with a market capitalisation of RM3.88bil.
Its share price had also taken a beating and is trading at a multi-year low of RM2.68 while its new rights shares were priced at RM2.55.
Boustead, a plantation-based company had raised RM1bil in fresh capital to reduce debts including to fund its property development and other investment activities.
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
Boustead Holdings Bhd is one case in point where its rights issuance was oversubscribed by only 0.28%.
The close-to-even subscription rates makes a glaring statement especially for a big company with a market capitalisation of RM3.88bil.
Its share price had also taken a beating and is trading at a multi-year low of RM2.68 while its new rights shares were priced at RM2.55.
Boustead, a plantation-based company had raised RM1bil in fresh capital to reduce debts including to fund its property development and other investment activities.
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
No comments:
Post a Comment