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Puncak Niaga seeks approval for warrants, sukuk

Posted on 14 May 2013

Puncak Niaga Holdings Bhd is seeking shareholders’ approval for its proposed issuance of 40.91 million free warrants on the basis of one free warrant for every ten shares and a five-year redeemable convertible secured sukuk ijarah of up to RM165mil in nominal value during its EGM set on May 28.
Meanwhile, the announcement of the entitlement date for the proposed free warrants and issuance of the convertible sukuk ijarah were tentatively set in mid-June and mid-September respectively………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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