Equity Analysis /
Malaysia

MY : SP Setia - To raise up to RM1.18bn via RCPS-i C

    Siew Teng Ngo
    Siew Teng Ngo

    Research Analyst

    CGS-CIMB
    27 April 2022
    Published by

    SP Setia proposes to raise up to RM1.18bn to redeem all outstanding RCPS-i B, which could save RM5m-23m p.a. in preferential dividend payments. The implied conversion price for RCPS-i C is RM1.39 for every new share, based on proforma analysis.