KUALA LUMPUR (July 11): Shares in property developer I-Bhd dipped 1.33% this morning after the firm said it is proposing a renounceable rights issue of three-year redeemable convertible cumulative preference shares (RCCPS) to raise up to approximately RM150 million.
At 9.19am, I-Bhd shed 0.5 sen to 37 sen for a market capitalisation of RM375.28 million.
The proceeds would enable the group to fund its property investment/hospitality portfolio and property development businesses.
TOP PICKS BY EDGEPROP
Eco Botanic
Iskandar Puteri (Nusajaya), Johor
Luxurious Two-Story Home in Kota Kemuning Listed at 890K
Kota Kemuning, Selangor
Elegant Double Storey Home in Kota Kemuning for Sale at RM880,000
Kota Kemuning, Selangor