KUALA LUMPUR (July 11): Shares in property developer I-Bhd dipped 1.33% this morning after the firm said it is proposing a renounceable rights issue of three-year redeemable convertible cumulative preference shares (RCCPS) to raise up to approximately RM150 million.
At 9.19am, I-Bhd shed 0.5 sen to 37 sen for a market capitalisation of RM375.28 million.
The proceeds would enable the group to fund its property investment/hospitality portfolio and property development businesses.
TOP PICKS BY EDGEPROP
Taman Taming Indah 2
Bandar Sungai Long, Selangor
Balakong Jaya Industrial Park
Balakong, Selangor
Pavilion Damansara Heights
Damansara Heights, Kuala Lumpur
Pavilion Damansara Heights
Damansara Heights, Kuala Lumpur
Pelangi Avenue Taman Pelangi
Johor Bahru, Johor
Equine Residence @ Equine Park
Seri Kembangan, Selangor
Equine Residence @ Equine Park
Seri Kembangan, Selangor