IJM Land Bhd’s new 454.55 million rights shares and 227.27 million new warrants will be listed and quoted on Bursa Malaysia today.
Bursa Malaysia Securities said yesterday that 80.5 million additional new shares would be listed under the company’s recent corporate exercise.
The 454.55 million rights shares of RM1 each were issued together with 227.27 million warrants at an issue price of RM1.35 on the basis of four rights shares and two warrants for every five shares held.
As for the 80.5 million additional new RM1 shares, they were issued pursuant to the acquisition of a 30% stake in RB Land Sdn Bhd from Reco Homebuilder (M) Sdn Bhd.
By the Star
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