12th Oct 2015 12:11
LONDON (Alliance News) - Resource Holding Management Ltd Monday said PUC Founder (MSC) Berhad has revised the amount it will raise through its rights issue to up to CNY83.9 million from up to CNY127.6 million.
PUCF is a holding company which Resource invests in, and is issuing 28 irredeemable convertible unsecured loan stock for every 20 PUCF shares, and seven warrants-B for every 28 ICULS subscribed.
It had initially said it would issue two ICULS for every one share, and one warrant-B for every eight ICULS subscribed.
Shares in Resource Holding have been suspended since August 4.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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