The Star Business Online - Reach Energy lures investors with free warrants under IPO (Update 1)

KUALA LUMPUR: Reach Energy Bhd is offering one billion new shares at 75 sen each under its initial public offer (IPO) and to entice investors, it is offering one warrant for each share subscribed.

The special purpose acquisition company (SPAC) said in its prospectus issued on Thursday that it was offering 980 million shares and 980 million warrants on a one-for-one basis.

Reach Energy is also offering 20 million shares with 20 million warrants to the Malaysian public in conjunction with its listing on the Main Market of Bursa Malaysia Securities.

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1. Reach Energy lures investors with free warrants under IPO (Update 1)