Ni Hsin Proposes Bonus Issue of Up to 312,651,147 Warrants on One-for-Two Basis
Bitget2026/10/27 10:10- Ni Hsin Group will seek shareholder approval at an extraordinary general meeting for up to 312,651,147 bonus Warrants C.
- Shareholders would receive one free Warrant C for every two existing shares held.
- Each five-year Warrant C entitles holders to subscribe for one new share; the exercise price will be fixed later.
- Full exercise at the illustrative MYR 0.36 price would raise approximately MYR 112.55 million for working capital and EV capital expenditure.
- The board considers the proposal in the best interests of the company and its shareholders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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