Top Glove (SGX:BVA, KLSE:TOPGLOV) proposed to undertake a bonus issue of up to 405,964,951 warrants, according to a filing with the Singapore Exchange on Thursday.
The issue involves issuance of the warrants on the basis of 1 warrant for every 20 existing shares held by the company's shareholders.
The warrants can be exercised within a time period of five years, the filing added.
Price (SGD): S$0.33, Change: S$+0.0050, Percent Change: +1.54%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.