PETALING JAYA: Sarawak Consolidated Industries Bhd
’s (SCIB) shareholders have approved the issuance of free detachable warrants and the proposed reduction of its issued share capital at an EGM held yesterday.
In a statement, SCIB said shareholders approved the proposed renounceable rights issue of up to 763.62 million new ordinary shares, together with an equal number of free detachable warrants.
The rights issue will be undertaken on the basis of one rights share and one warrant for every existing SCIB share held on an entitlement date to be determined.
...