What’s wrong with rights issues?

19 Jan 2019 - The Star Online
Malayan Flour Mills Bhd (MFM) and Sapura Energy Bhd (SEB) recently came into the limelight as two companies with two distinct business operations which decided to tap into the deep pockets of their respective shareholders via a rights issue exercise. In MFM’s case, the rights issue involved the issuance ...
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Malayan Flour rights shares, loan stocks plunge

28 Dec 2018 - The Star Online
KUALA LUMPUR: The rights to Malayan Flour Mills Bhd 's (MFlour) shares and loan stocks plunged on Friday when they started trading as those holding the units decided to sell them instead of subscribing to the shares and loan stocks. At 12.30pm, the rights to the shares, MFlour-OR tumbled 13 sen to one ...
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Malayan Flour Mills posts sharply lower Q2 net profit of RM4.77mil

17 Aug 2018 - The Star Online
KUALA LUMPUR: Malayan Flour Mills Bhd saw its Q2 net profit fall sharply to RM4.77mil from RM16.15mil in the corresponding quarter last year on the back of 4.9% lower revenue of RM547.7mil. In a filing with the stock exchange, the group said the drop in earnings was due to lower profits from flour and ...
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