Monday, April 10, 2006

Stock News: Digiland Int one for 10 right issue at 0.005 sgd!

Digiland International said it will raise 2.28-3. 23 mln sgd via a one-for-10 rights issue. The company plans to issue up to 696.3 mln new shares at 0.005 sgd each. Each rights share entitles shareholders to subscribe to three warrants free of charge. The warrants entitle holders to subscribe within 18 months to one new share at 0.01 sgd each, Digiland said. Digiland will have raised another 15.20-20.89 mln sgd once the warrants are exercised.

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