Ni Hsin Resources Bhd has proposed a diversification of its existing businesses to the food and beverage industry and has proposed a rights issue of redeemable convertible preference shares to raise up to RM9.6 million.
As at July 15, 2020, the company has 321.75 million shares and 158.3 million outstanding warrants 2019/2022 which are exercisable into 158.3 million shares. At a minimum and a maximum scenario, the proposed rights issue of RCPS will raise RM3 million and RM9.6 million respectively.
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