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Yongnam says rights issue only 68.8% subscribed

Gwyneth Yeo Published on Fri, Jul 01, 2016 / 7:51 PM GMT+8

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SINGAPORE (July 1): Yongnam Holdings has received applications for 109 million rights shares at the close of its rights issue on June 28.

That’s 68.8% of the 158.4 million shares that were available for subscription.

The remaining 49.4 million shares which were not taken up will be subscribed by CIMB Securities, the underwriter of the right issue exercise.

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