Corporate News 12-Dec-11
Gati's board decides to open its FCCB issue for subscription
On 12 December 2011
Gati has announced that pursuant to the approval received from the shareholders of the company at the extraordinary general meeting held on 29 November 2011, the board at its meeting on 12 December 2011 has decided to open its FCCB issue for subscription on 12 December 2011. The company expects to raise up to USD 22,182,000 from this issue. The FCCBs are proposed to be listed on the Singapore Stock Exchange.
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