November 2, 2013, 6:22 pm
There had been a heavy demand for additional shares on the recently concluded JKH rights/warrants share issue with Kazanah, the Malaysian investor, and some other institutions applying for large quantities, well informed sources said.
About one to two percent of the issue not subscribed by shareholders to whom the allotments were made will now be granted on a pro rata basis to the many who made cash-backed applications for additional shares over an above their entitlements.That means that the number of additionals granted would be a proportion of the shares already held by such shareholders. JKH normally makes additional allotments on this pro rata basis.
Analysts expect allotments to be finalized this week.