Written by Joseph Chin
Friday, 18 December 2009 04:10
KUALA LUMPUR: IOI Corp Bhd's renounceable rights issue of up to 420.747 million shares was oversubscribed by 105.46% or 420.585 million shares.
The company announced on Thursday, Dec 17 that at the close of acceptance and payment for the rights issue on Dec 14, the total valid acceptances and excess applications received were 819.409 million rights shares or a subscription level of 205.46%.
"The total proceeds received from the valid acceptances and excess applications amounted to approximately RM2.38 billion, of which oversubscription monies totalling approximately RM1.22 billion will be refunded," it said.
The corporate exercise involved the rights issue of up to 420.747 million new shares of 10 sen each at RM2.90 per rights share on the basis of one rights share for every 15 share held as at Nov 26.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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