Halcyon Agri proposes issue of guaranteed perps in place of rights issue
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NATURAL rubber supplier Halcyon Agri Corp has proposed the issuance of guaranteed perpetual securities as its latest fundraising option, rather than the earlier proposed rights issue.
In a regulatory filing on Friday, the mainboard-listed firm said this move is a "more optimal and equitable" funding option amid current market conditions. This comes just two months after the firm proposed a renounceable non-underwritten rights issue of up to 797.5 million new shares at 22 Singapore cents apiece.
