On 30/9/2013, Integrated Rubber Corporation Berhad (IRCB) announced the capital reduction of the par value of the ordinary share of RM0.20 each in IRCB ("IRCB Share") pursuant to Section64(1) of the Companies Act 1965, involving the cancellation of RM0.15 of the par value of every IRCB Share and thereafter, the consolidation of every two ordinary shares of RM0.05 each into one new ordinary share of RM0.10 each in IRCB (Capital Reduction and Consolidation) as part of IRCB's regularisation plan. The Capital Reduction and Consolidation gave rise to adjustments to the existing warrants exercise price and/or number of existing warrants so far as unexercised. Consequently, the exercise price of the unexercised Warrants was adjusted from RM0.25 each to RM0.50 each. There was no change to the number of warrants outstanding. IRCB on 6/11/2014 issued a notice of adjustment to the warrant of IRCB with regards to aforementioned adjustment.