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Thursday, May 5, 2011

Mulpha Land proposes RM101m rights offer

Mulpha Land Bhd, a Malaysian property developer, proposed a rights offer to raise about RM100.5 million (US$34 million) to help finance its business expansion, according to a company statement late yesterday.

The indicative price for the rights issue, which comes with free warrants, is 22 sen a share, the company said.

By Bloomberg

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