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Jubilee to raise $15 mil from rights issue for working capital and fund business expansion

Samantha Chiew Published on Thu, Oct 12, 2017 / 3:02 PM GMT+8

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SINGAPORE (Oct 12): Jubilee Industries is proposing a rights cum warrants issue to increase working capital and fund the expansion of its electronic component distribution and precision plastic injection mouldings businesses.

Jubilee is issuing about 336.3 million new shares at 4.5 cents each, with an equal number of free detachable warrants.

Shareholders will be entitled to one rights share with one warrant for every two shares held.