IJM Plantations Bhd has proposed a rights issue to raise about RM336.56 million from its shareholders to partially finance development of existing and future oil palm plantations mainly in Indonesia.
The corporate exercise would involve a renounceable rights issue of 160.26 million new rights shares with 80.13 million new warrants. This would be on the basis of two rights shares with one free warrant for every eight existing shares held at RM2.10 per rights share.
The issue price of RM2.10 per rights share was a discount of about 16.44% from the theoretical ex-rights price of IJM Plantation shares of RM2.51 based on the five-day volume weighted average market price per share up to July 7 of RM2.62.
Related:-
IJMPLNT ... March 2009
Scan 08 Jun 2026
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Symbol Type Date Close Price Volume 13 Day RSI
BIG Overbought 2026-06-08 0.64 1420100 72.55
EG Overbought 2026-06-08 1.81 17065300 75.8
MKH Overbought 2026-...
19 hours ago
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