TCS Group proposes 2-for-5 rights issue with free warrants
The construction firm has proposed to undertake a renounceable rights issue of up to 243.
The construction firm has proposed to undertake a renounceable rights issue of up to 243.
The rights issue will involve the issuance of up to 280.
The group, which is seeking additional funds for the second phase of its 760-acre Andaman Island project, expects to have around RM500 million cash in hand next year despite downsizing its rights issue that was first proposed in February 2022.
KUALA LUMPUR (May 11): EcoFirst Consolidated Bhd has proposed a bonus issue of up to 443.
KUALA LUMPUR (Oct 8): Sunsuria Bhd plans to issue up to RM500 million worth of Islamic medium terms notes or sukuk wakalah.
KUALA LUMPUR (Oct 1): Top Builders Capital Bhd (formerly known as Ikhmas Jaya Group Bhd) has announced a cocktail of proposals, including debt-to-equity settlement and a rights issue, to lift itself out of the financial woes.
KUALA LUMPUR (May 27): The Malaysian Anti-Corruption Commission (MACC) has dismissed claims that it has deactivated its official Twitter account, explaining that there were technical issues on the platform since yesterday.
KUALA LUMPUR (April 16): Tiger Synergy Bhd yesterday proposed a rights issue with warrants, as well as a private placement, to raise up to RM102.
KUALA LUMPUR (Feb 12): Tiger Synergy Bhd plans to raise up to RM29.
KUALA LUMPUR (Aug 8): Bina Puri Holdings Bhd plans to raise up to RM39.