Bursa Alert
Global Market
NewsY.S.P. Southeast Asia fixes rights shares at RM1
Page 1 of 1
Y.S.P. Southeast Asia fixes rights shares at RM1
by hlk Tue 28 Jun 2011, 00:04
KUALA LUMPUR: Y.S.P. Southeast Asia Holding Bhd has fixed the issue price of the rights shares at RM1 which is a discount of 9% to the theoretical ex-rights price of RM1.09 per share.
It said on Monday, June 27 the price was based on the five-day volume weighted average price of the shares up to June 24 of RM1.12.
“Based on the issue price of the rights shares of RM1 per new share, the company stands to potentially raise up to RM45.22 million,” it said.
The proceeds would be used for capital expenditure, daily working capital and expenses for the rights issue.
The corporate exercise involved the renounceable rights issue of up to 45.22 million new shares on the basis of one rights shares for every three ordinary shares held.
It said on Monday, June 27 the price was based on the five-day volume weighted average price of the shares up to June 24 of RM1.12.
“Based on the issue price of the rights shares of RM1 per new share, the company stands to potentially raise up to RM45.22 million,” it said.
The proceeds would be used for capital expenditure, daily working capital and expenses for the rights issue.
The corporate exercise involved the renounceable rights issue of up to 45.22 million new shares on the basis of one rights shares for every three ordinary shares held.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» OSK Property fixes rights shares at RM1 each (6661)
» Hap Seng fixes rights shares at RM1.05, warrants RM1.65
» Asia Inc earnings: China slowdown and Southeast Asia boom
» UMW-OG building up its presence in Southeast Asia
» Southeast Asia advertising US$5bil in Q3
» Hap Seng fixes rights shares at RM1.05, warrants RM1.65
» Asia Inc earnings: China slowdown and Southeast Asia boom
» UMW-OG building up its presence in Southeast Asia
» Southeast Asia advertising US$5bil in Q3
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum