KUALA LUMPUR: Iconic Worldwide Bhd
’s rights issue exercise and free warrants undertaken by the group have been oversubscribed.
The exercise involves 1.124 billion rights shares, with a ratio of two rights shares for every one existing Iconic Worldwide share. Additionally, it includes 749.8 million free warrants, with a ratio of two warrants for every three rights shares subscribed.
According to Iconic Worldwide, the valid acceptance and excess applications totalled 1.125 billion rights shares, as compared with the 1.124 billion made available for subscription.
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