Assuming full exercise of the warrants at the price of 25 sen each, Acme could raise maximum gross proceeds of RM14.92 million, which will be used for working capital.
Bina Puri said the proposed rights issue involves up to 439.35 million new shares together with up to 439.35 million free warrants.
Husni, who is the first Cabinet minister from Najib's cabinet to testify in the trial, provided insight into how the ministry is run especially concerning 1Malaysia Development Bhd and SRC.
This follows the decision today by a seven-member bench led by Chief Justice (CJ) Datuk Seri Tengku Maimum Tuan Mat to dismiss Najib's appeal to bar Sri Ram from leading the prosecution in the case, which is scheduled to start this Aug 19.
Revenue for the quarter came in at RM39.19 million, down 10.3% y-o-y versus RM43.69 million.
Abdul Azeez, who is also MP for Baling, Kedah, is accused of receiving a total of RM5.2 million from Menuju Asas Sdn Bhd director Mohammad Redzuan Mohanan Abdullah as reward for assisting the firm to secure RM842.2 million worth of government roadwork projects in Perak and Kedah.
AMPROP told Bursa Malaysia today that Daning International Commercial Plaza is located along Gonghexin Road within Shanghai's Jing'an district.
Ahmad Husni said 1MDB and SRC matters were off limits to him.
"I will need to take full instruction from my client. [The witness'] testimony is very much like an angry man against my client. I would like to know the true circumstances of what he said."
The Puchong M Square Mall, located in Millenia City, near Puchong Perdana, was launched in January 2018. The store had 32,516 sq m of retail space, including two levels of carpark. Apart from the department store, the retailer also offered a Foodpark Supermarket by Parkson, which is a gourmet supermarket and food hall.
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