PETALING JAYA: Perusahaan Sadur Timah Malaysia Bhd
(Perstima) has proposed a renounceable rights issue of up to 19.86 million new shares on the basis of one rights issue for every five shares held to raise up to RM59.58mil.
In addition, it would also undertake a proposed bonus issue of 9.93 million shares on the basis of one bonus share for every two rights shares subscribed.
In its stock filings with Bursa Malaysia, Perstima said that based on an indicative issue price of RM3 per rights share, the proposed exercise was estimated to raise RM59.58mil.
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