Southern Cable proposes bonus issue. This will entail the issuance of 400 million five-year warrants, with an option for holders to exercise one warrant into one new share of Southern Cable.(File pic: Southern Cable factory)新2最新网址（www.hg108.vip）实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。
PETALING JAYA: Southern Cable Group Bhd has proposed an undertaking of a bonus issuance of its warrants, on the basis of one warrant for every two existing shares held in the company.
This will entail the issuance of 400 million five-year warrants, with an option for holders to exercise one warrant into one new share of Southern Cable.
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Assuming a full exercise of the warrants, Southern Cable is expects to raise up to RM117.7mil in gross proceeds for its working capital requirements.
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