XINGHE (0095) - XingHe to grant call options to Macquarie
China-based Bursa Malaysia-listed XingHe Holdings Bhd will grant 2.34m call options to Australia's Macquarie Bank Ltd, entitling the bank to subscribe up to 234m new shares or 9.96% in the company. The gross proceeds to be raised from the proposed arrangement is up to RM46.8m. XingHe said Macquarie Bank has committed to exercise a sufficient number of call options to provide XingHe with consideration of at least RM25m within a period of 130 trading days. (Financial Daily)
Source: CIMB Daybreak - 02 October 2014
