Hong Lai Huat - a property company with a large development project outside of Phnom Penh - announced on Nov 24 that it will issue to Soochow CSSD Capital Markets (Asia) 80 million non-listed and transferable warrants exercisable within two years from the date of issue of the Warrants.

Each warrant carry the right to subscribe for 1 new share in the company at the following exercise prices: 30 cents per Share for the first 20 million warrants; 35 cents per share for the next 20 million warrants; 40 cents per share for the next 20 million warrants and 45 cents per share for the last 20 million warrants

Hong Lai Huat last traded at 9.4 cents.

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