Bursa Alert
Global Market
NewsPress Metal’s US$700m smelter plant to start in 3Q, 2012
Page 1 of 1
Press Metal’s US$700m smelter plant to start in 3Q, 2012
by hlk Wed 29 Jun 2011, 14:27
KUALA LUMPUR: PRESS METAL BHD []’s US$700 million smelter plant in Samalaju, Sarawak will start operations in the third quarter of 2012.
Its group chief executive officer Datuk Paul Koon said on Wednesday, June 29, said the plant would be financed from borrowings and also a rights issue.
On June 13, the company received Bursa Malaysia Securities Bhd’s approval to list and quote up to RM323.73 million nominal value of eight year 6% redeemable convertible secured loan stocks.
The regulator also approved the listing and quotation for up to 147.15 million new shares to be issued when the warrants are exercised.
Its group chief executive officer Datuk Paul Koon said on Wednesday, June 29, said the plant would be financed from borrowings and also a rights issue.
On June 13, the company received Bursa Malaysia Securities Bhd’s approval to list and quote up to RM323.73 million nominal value of eight year 6% redeemable convertible secured loan stocks.
The regulator also approved the listing and quotation for up to 147.15 million new shares to be issued when the warrants are exercised.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Press Metal’s new plant to meet regional demand
» Hot Stock Press Metal shares fall 4% after smelting plant catches fire
» Press Metal 1Q profit up 11.6% to RM25.2m
» Nov 19th - Stocks To Watch MAS, CIMB, IOI, Carlsberg, Press Metal, Pharma, P.Media, TH Plant, Takaso, M-Sports, Scomi Energy, i-Bhd
» Petronas Gas new plant may start mid-2012
» Hot Stock Press Metal shares fall 4% after smelting plant catches fire
» Press Metal 1Q profit up 11.6% to RM25.2m
» Nov 19th - Stocks To Watch MAS, CIMB, IOI, Carlsberg, Press Metal, Pharma, P.Media, TH Plant, Takaso, M-Sports, Scomi Energy, i-Bhd
» Petronas Gas new plant may start mid-2012
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|