KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) has proposed to undertake a renounceable rights issue to raise up to RM450 million with a bonus issue of one bonus share for every five rights share subscribed. It said the entitlement basis for the rights shares and the issue price has not been fixed. Â The issue price is set to be at a discount of at least 15 per cent to the theoretical ex-all price of THHE shares, immediately preceding the price-fixing date, but shall in no event be lower than the par value of the THHE shares of 25 sen each, it told Bursa yesterday.
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