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NewsTSH Resources to raise RM47.77m from share placement
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TSH Resources to raise RM47.77m from share placement
by Cals Thu 05 Sep 2013, 01:34
Published: Wednesday September 4, 2013 MYT 6:38:00 PM
Updated: Wednesday September 4, 2013 MYT 6:39:52 PM
TSH Resources to raise RM47.77m from share placement
KUALA LUMPUR: TSH Resources Bhd plans to raise about RM47.77mil from the proposed private placement of 20.86 million new shares.
The plantation-based company said the 20.86 million shares accounted for 2.5% of its paid-up of 855.22 million shares, excluding the 6.88 million treasury shares.
"Based on the issue price of RM2.29 the proposed private placement is expected to raise up to approximately RM47.77mil," it said. Of the amount, it said RM47.72mil would be used as working capital and future investment.
TSH said the proposed private placement may be implemented in tranches within six months from the date of approval of Bursa Securities.
On July 19, TSH had completed the placement of 20.86 million shares.
Updated: Wednesday September 4, 2013 MYT 6:39:52 PM
TSH Resources to raise RM47.77m from share placement
KUALA LUMPUR: TSH Resources Bhd plans to raise about RM47.77mil from the proposed private placement of 20.86 million new shares.
The plantation-based company said the 20.86 million shares accounted for 2.5% of its paid-up of 855.22 million shares, excluding the 6.88 million treasury shares.
"Based on the issue price of RM2.29 the proposed private placement is expected to raise up to approximately RM47.77mil," it said. Of the amount, it said RM47.72mil would be used as working capital and future investment.
TSH said the proposed private placement may be implemented in tranches within six months from the date of approval of Bursa Securities.
On July 19, TSH had completed the placement of 20.86 million shares.
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