A Golden Opportunity with Free Warrants and Expansion Plans for THIS Company?

Minox International Group Berhad (KLSE: MINOX), a rising star in the stainless steel sanitary valve industry, is making headlines again.

Fresh off its successful listing on the ACE Market of Bursa Malaysia on 17 October 2023, the company has announced an exciting bonus issue of free warrants, aiming to reward loyal shareholders and strengthen its growth trajectory.

Here’s the deal:

Minox plans to issue up to 180 million free warrants on a 1-for-2 basis, giving shareholders an enticing opportunity to benefit from the company’s bright future.

The warrants will be priced at an indicative discount of up to 20% off the market price, providing an attractive entry point for investors.

Upon full exercise of the warrants at 22 sen each, Minox is set to raise a staggering RM107.7 million, bolstering its financial position without taking on debt.

But that’s not all.

Minox is putting this money to work. As part of its ambitious expansion plans, the company is preparing to construct a state-of-the-art warehouse in Puchong, Selangor, which will increase its storage capacity by 74% to 2,660 pallet units.

This move is expected to streamline operations and meet growing demand across industries such as food and beverage, pharmaceuticals, and semiconductors.

Construction is slated to begin by December 2024, marking yet another milestone in Minox’s growth story.

The proposed bonus issue is expected to be completed by the first quarter of 2025, now, there is still a chance to look into this company.

For investors, the combination of free warrants, a robust expansion strategy, and Minox’s proven track record in the industry makes this a stock worth keeping a close eye on!