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Tropicana Corp sets private placement at RM1.78 per share
by hlk Wed 29 May 2013, 14:26
Choong En Han
PETALING JAYA: Tropicana Corp Bhd or formerly known as Dijaya Corp, has set the share price of its private placement at RM1.78 per share.
Filing
on Wednesday said the price represents a 9.88% discount to the five-day
volume weighted average market price of Tropicana shares up to May 28,
which stood at RM1.9752.
It said the placement was oversubscribed by 2.6 times during the book-building process.
It has entered into a placing agreement with with CIMB Investment Bank Berhad and Standard Chartered Securities (Singapore) Pte. Limited as the joint global coordinators for the corporate exercise
PETALING JAYA: Tropicana Corp Bhd or formerly known as Dijaya Corp, has set the share price of its private placement at RM1.78 per share.
Filing
on Wednesday said the price represents a 9.88% discount to the five-day
volume weighted average market price of Tropicana shares up to May 28,
which stood at RM1.9752.
It said the placement was oversubscribed by 2.6 times during the book-building process.
It has entered into a placing agreement with with CIMB Investment Bank Berhad and Standard Chartered Securities (Singapore) Pte. Limited as the joint global coordinators for the corporate exercise
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