Icon managing director Datuk Seri Hadian Hashim said the rights issue was an important element of its debt restructuring exercise, which woul enable Icon to complete the overall debt restructuring exercise before the end of its first quarter this year.
KUALA LUMPUR: Icon Offshore Bhd
, an owner and operator of one of the largest fleet of offshore support vessels (OSV), raised RM247.21mil from its rights issue which was part of its debt restructuring exercise and provided the funds for its future growth.
The company announced on Thursday the rights issue was oversubscribed by 19.87% of the maximum intended gross proceeds of RM247.21mil and by 61.93% of the minimum intended gross proceeds of RM183mil.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
