MDR revises issue price of rights-cum-warrants issue

Singapore

MDR, which distributes and sells mobile devices and services, announced on Tuesday revised terms of its proposed rights-cum-warrants issue, which had previously been rejected by the Singapore Exchange (SGX).

In its revised form, the issue will offer up to some 25 billion new ordinary shares at an issue price of S$0.00188 for each rights share, with up to 225.5 billion free detachable warrants.