On its fund-raising exercise announced in the group's previous report, Cheng said Lion Corporation has incorporated the latest revision of a bonus issue of 24.42 million new shares on a one-for-five basis, a renounceable rights issue of 36.62 million new shares on a three-for-ten basis at RM2.80 each, and an issue of RM350 million nominal value of 3 per cent redeemable bank guaranteed bonds with 91.56 million detachable warrants.
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