Prolexus Bhd is making a cash call to raise up to RM62.53mil in order to set up a garment factory in Vietnam as well as a fabric mill in Johor to expand into upstream garment production.
The apparels manufacturer announced to Bursa Malaysia on Friday a proposed renounceable rights issue of up to 62.53 million new 50 sen shares in the company -- at a price to be determined later -- together with the same number of free warrants.
This will be on the basis of one rights share and one warrant for every two existing Prolexus shares held by the company’s entitled shareholders on an entitlement date to be determined and announced later.
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The apparels manufacturer announced to Bursa Malaysia on Friday a proposed renounceable rights issue of up to 62.53 million new 50 sen shares in the company -- at a price to be determined later -- together with the same number of free warrants.
This will be on the basis of one rights share and one warrant for every two existing Prolexus shares held by the company’s entitled shareholders on an entitlement date to be determined and announced later.
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