mDR (SGX:Y3D) proposed a renounceable non-underwritten rights cum warrants issue of up to 1,160,147,026 shares at SG$0.03 per share with up to 5,800,735,130 free detachable listed warrants, according to a late Monday filing with the Singapore Exchange.
The rights cum warrants issue will be made on the basis of four rights share for every three shares held by the shareholders, with five warrants for every one rights share subscribed.
The company sees the rights cum warrants issue as an opportunity to strengthen its balance sheet, with estimated proceeds of SG$15.6 million to be used for general corporate purposes, repayment of debts and to make investments and acquisitions.
Shares of the company surged nearly 44% in early morning trading.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。