Halcyon Agri shares climb after ditching rights issue

Singapore

SHARES of mainboard-listed Halcyon Agri Corp recovered some of their losses on Monday, after the natural rubber supplier proposed to issue guaranteed perpetual securities in place of a rights issue.

The counter climbed as much as 18.2 per cent or four Singapore cents to 26 cents within the first minute of the opening bell, according to Shareinvestor data. It eased to finish the day at 23.5 cents, up 1.5 cents or 6.8 per cent from Friday's close. About 6.3 million shares changed hands.