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NewsBio Osmo raises RM8.66m from private placement
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Bio Osmo raises RM8.66m from private placement
by Cals Tue 14 Oct 2014, 23:50
Bio Osmo raises RM8.66m from private placement
By Supriya Surendran / TheEdge Markets.com | October 14, 2014 : 5:43 PM MYT
KUALA LUMPUR (Oct 14): Bio Osmo Bhd ( Financial Dashboard) has placed out 43.3 million placement shares to identified investors in five tranches, raising a total of RM8.66 million.
This follows the listing of the final tranche of its 11.5 million placement shares on the Main Market of Bursa Malaysia.
"The board does not intend to place the remaining placement shares to potential investors. As a result, the private placement is deemed completed today," said Bio Osmo in a filing with Bursa.
Bio Osmo had earlier planned to place up to 48 million shares, constituting up to 10% of its issued base to third party investors in an effort to raise funds which will finance the firm’s working capital needs.
By Supriya Surendran / TheEdge Markets.com | October 14, 2014 : 5:43 PM MYT
KUALA LUMPUR (Oct 14): Bio Osmo Bhd ( Financial Dashboard) has placed out 43.3 million placement shares to identified investors in five tranches, raising a total of RM8.66 million.
This follows the listing of the final tranche of its 11.5 million placement shares on the Main Market of Bursa Malaysia.
"The board does not intend to place the remaining placement shares to potential investors. As a result, the private placement is deemed completed today," said Bio Osmo in a filing with Bursa.
Bio Osmo had earlier planned to place up to 48 million shares, constituting up to 10% of its issued base to third party investors in an effort to raise funds which will finance the firm’s working capital needs.
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