<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 12): Borneo Oil Bhd said its bonus issue of up to 2.11 billion new shares as well as 528.09 million warrants will be credited on May 26.</p></div>

<div class=newsTextDataWrapInner><p>The bonus shares will be issued on the basis of four bonus shares for every eight existing shares, whereas the bonus warrants will be paid on the basis of one free Warrant D for every eight existing shares.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with the bourse, Borneo Oil said it has fixed the exercise price of Warrant D at seven sen, which represents a discount of approximately 41.28% from the theoretical ex-bonus price after the share and warrant bonus issues of 11.92 sen based on the five-day weighted average market price of its shares up to yesterday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Proceeds from the exercise of the Warrants D will be placed in deposits with financial institutions or short-term money market instruments, the group said.</p></div>

<div class=newsTextDataWrapInner><p>It added that the interest derived from the deposits with financial institutions or any gains arising from the short-term money market instruments will be used as additional working capital.</p></div>

<div class=newsTextDataWrapInner><p>Borneo Oil’s share price settled 2.7% higher at 19 sen today, valuing the group at RM575.54 million.</p></div>


KUALA LUMPUR (May 12): Borneo Oil Bhd said its bonus issue of up to 2.11 billion new shares as well as 528.09 million warrants will be credited on May 26.

The bonus shares will be issued on the basis of four bonus shares for every eight existing shares, whereas the bonus warrants will b...

Borneo Oil bonus shares, warrants to be credited on May 26

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<p><em><strong>More to come</strong></em></p>
...

Govt to announce second 5G network next week, coverage now at 80.3%, says Fahmi

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<p>European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.</p>


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<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>


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<p>Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.</p>
