Golden Agri-Resources Ltd., owner of the world's second-largest oil palm plantation, said it plans to raise S$311.1 million ($215 million) in a rights issue.
The company plans to issue 17 shares for every 100 held at 18 Singapore cents apiece, it said in a statement to the Singapore stock exchange.
Investors will also get two warrants for every five rights shares, Golden Agri-Resources said.
The warrants may raise S$381 million if fully exercised, the company added.
Thursday, May 28, 2009
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