APAC Resources Proposes Bonus Warrant Issue

APAC Resources (HK:1104) has released an update.

APAC Resources Limited announces a proposal for a bonus issue of warrants, offering one warrant for every five shares held by qualifying shareholders. These warrants can be exercised to subscribe for new shares at HK$1.00 each within a three-year period, from December 2024 to December 2027. The potential full exercise of these warrants could result in a 16.67% increase in the company’s share capital and raise up to approximately HK$271.33 million.

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