Sifus,
how come the price adjusted from rm1.05 to rm0.6+?
what will happen to ppl who hold less than 4000shares of Ivory?

appreciate any details on this.. thx thx notworthy.gif



"IVORY - NOTICE OF RIGHTS & BONUS ENTITLEMENT


(i) Renounceable rights issue of 186,000,000 new ordinary shares of RM0.50 each in Ivory Properties Group Berhad ("Ivory") ("Rights Share(s)") at an issue price of RM0.55 per Rights Share together with 186,000,000 free detachable warrants ("Warrant(s)") on the basis of one (1) Rights Share and one (1) Warrant for every one (1) existing ordinary share of RM0.50 each in Ivory ("Ivory Share(s)") held at 5.00 p.m. on 30 March 2012 payable in full upon acceptance ("Rights Issue"); and

(ii) Bonus issue of 46,500,000 new Ivory Shares (Bonus Share(s)") on the basis of one (1) Bonus Share for every four (4) Rights Shares subscribed by the existing shareholders of Ivory and/or their renouncee(s) pursuant to the Rights Issue ("Bonus Issue")."