First Resources: Issued 67.2m shares (4.3% of enlarged share cap)at approx $1.25 after conversion of US$57.9m of co's bonds due 2014. The new shares will be listed and quoted today. First Resources issued US$100m of its convertible bonds in Sep 2009.
This might be a cause for yday’s weakness despite Bumitama’s performance causing an overhang on the counter’s price. Note that current price is approx $1.97
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