Oasis Harvest (KLSE:OASIS) began its renounceable rights issue of up to 73.6 million new shares at 0.10 ringgit each, with the entitlement date set for Wednesday, according to a same-day Malaysian bourse filing.
The issue is offered on a one-for-two basis and comes with up to 73.6 million free detachable warrants, with one warrant for each rights share subscribed.
The rights issue, first proposed in April to raise up to 7.4 million ringgit, is aimed at supporting the company's expansion plans.