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NewsMetronic prices placement shares at 10 sen each to raise RM6m
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Metronic prices placement shares at 10 sen each to raise RM6m
by Cals Mon 05 Aug 2013, 17:58
Metronic prices placement shares at 10 sen each to raise RM6m
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 05 August 2013 17:46
KUALA LUMPUR (August 5): METRONIC GLOBAL BHD [] has set the issue price of its private placement of up to 63.49 million new shares at 10 sen each, the firm told exchange.
This translates into proceeds of RM6.35 million for Metronic, a building and industrial automation specialist.
Metronic said the issue price represents an estimated 0.93% discount to the five-day weighted average market price of some 10.09 sen for its shares between last Monday and Friday (July 29 and August 2, 2013).
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Monday, 05 August 2013 17:46
KUALA LUMPUR (August 5): METRONIC GLOBAL BHD [] has set the issue price of its private placement of up to 63.49 million new shares at 10 sen each, the firm told exchange.
This translates into proceeds of RM6.35 million for Metronic, a building and industrial automation specialist.
Metronic said the issue price represents an estimated 0.93% discount to the five-day weighted average market price of some 10.09 sen for its shares between last Monday and Friday (July 29 and August 2, 2013).
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