In its Monday filing, First Sponsor plans to issue up to 113.7 million free detachable warrants and 79.6 million bonus warrants.
SINGAPORE (Mar 25): First Sponsor Group is undertaking a rights issue of securities with detachable warrants as well as a bonus issue to raise up to $399.3 million for expansion.
This comes after the property developer aborted plans for a rights issue involving warrants exercisable into perpetual convertible capital securities which are, in turn, convertible into ordinary shares.
