<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 7, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Ta Win Holdings Bhd saw its rights shares and irredeemable convertible preference shares (ICPS) with warrants oversubscribed by 54.83%.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, Ta Win said it had received total valid acceptances and excess applications for 369.79 million rights shares and 739.58 million ICPS, compared with the 238.84 million rights shares and 477.68 million ICPS made available for subscription.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“[This] represents an oversubscription rate of 54.83% or 130.95 million rights shares and 261.89 million ICPS over the total number of rights shares and ICPS available for subscription under the rights issue,” it added.</p></div>

<div class=newsTextDataWrapInner><p>The rights shares, ICPS and warrants are expected to be listed on Aug 13.</p></div>

<div class=newsTextDataWrapInner><p>Ta Win shares closed up half a sen or 2.7% at 19 sen yesterday, bringing it a market capitalisation of RM37.82 million.</p></div>


KUALA LUMPUR: Ta Win Holdings Bhd saw its rights shares and irredeemable convertible preference shares (ICPS) with warrants oversubscribed by 54.83%.

In a filing with Bursa Malaysia yesterday, Ta Win said it had received total valid acceptances and excess applications for 369.79 million...

Ta Win’s rights issue oversubscribed by 54.83%

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