Translate This Page

Friday, May 9, 2014

Excel Force proposes bonus warrant issue (Edge)

Excel Force MSC Bhd has proposed a bonus issue of 103.4 million warrants on the basis of one warrant for every two existing shares held.

In a statement to the exchange today, Excel Force, which offers information systems and services to banks and stock-broking firms, said it would fixed the exercise price of the warrants at a later date.

"Assuming the full exercise of the warrants, the maximum proceeds to be raised by the company based on the indicative exercise price of RM0.70 per warrant is approximately RM72.37 million," Excel Force said

No comments: