Vallianz's controlling shareholder Rawabi lifts stake to 41.2% after rights cum warrants issue

SINGAPORE (Dec 28): Vallianz Holdings' controlling shareholder Rawabi Holding Company Limited (RHCL), now owns a 41.2% stake in the company from 14.8% previously immediately after the completion of its rights cum warrants issue.

In total, Rawabi subscribed for its entitlement of 672 million rights shares with 1.34 billion warrants, as well as 2.37 billion excess rights shares with 4.7 billion warrants, says Vallianz in a Wednesday night filing.

As Rawabi will be exercising most of its warrants, its shareholding in Vallianz will increase further to 57.2%, assuming Swiber Holdings, which is under judicial management, also exercises its warrants and other shareholders do not exercise.

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