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Thursday, February 7, 2013

Mah Sing fixes rights shares


PETALING JAYA: Mah Sing Group Bhd’s rights issue price has been fixed at RM1.42 per rights share at an entitlement basis of one rights share for every three existing Mah Sing shares.
The entitlement basis for the warrants have been fixed as three warrants for every five rights shares with the exercise price fixed at RM2.38 for each warrant.
The fund-raising exercise is projected to raise up to RM400mil, which will part-finance its property development expenditure, future land acquisitions and general working capital requirements.

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