Asia
Oasic Harvest Proposes Diversification Into Events; Plans Rights Issue With Warrants
Oasic Harvest (KLSE:OASIC) has proposed to broaden its core business into event management and public relations services, according to a shareholder circular released Thursday.The move marks a strategic shift beyond its existing operations, the diversified conglomerate said.The company is also planning a renounceable rights issue of up to 73.6 million shares priced at 0.10 ringgit each, on a one-for-two basis. It also planned to issue free detachable warrants on a one-for-one basis. The fundraising exercise is intended to support expansion plans.An extraordinary general meeting is scheduled for June 26, to deliberate on the proposals, it said.
KLSE:OASIC
