Adventa to undertake RM50mil fund raising exercise

TheStar Wed, Jan 17, 2018 08:40pm - 6 years View Original


KUALA LUMPUR: Medical services company Adventa Bhd is proposing a RM50mil fund raising scheme to pay for its business expansion.

The company, in a filing with Bursa Malaysia today, said it is planning to undertake a renounceable rights issue of 91 million new shares with free detachable warrants.

The rights issue will be offered to existing shareholders on the basis of three rights shares for every five shares held at a date to be determined later.

The rights shares will be issued at 55 sen each.

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