Bursa Alert
Global Market
NewsDBE Gurney calls off private placement plan (7179)
Page 1 of 1
DBE Gurney calls off private placement plan (7179)
by hlk Fri 22 Jun 2012, 20:37
KUALA LUMPUR: DBE Gurney Resources Bhd has cancelled its proposal to place up to 10% of its paid-up share capital.
It
said on Friday it decided not to go ahead "as the potential placees for
the proposed private placement have withdrawn their interest due to
uncertain market condition".
To recap, on March 2, DBE Gurney announced it had proposed to place out 10% of its paid-up, or up to 67.33 million shares.
Based
on the assumption the placement shares were issued at an indicative
issue price of 10 sen per share, which was based on the par value of
the shares, the exercise would raise gross proceeds of up to RM6.73mil.
It
said on Friday it decided not to go ahead "as the potential placees for
the proposed private placement have withdrawn their interest due to
uncertain market condition".
To recap, on March 2, DBE Gurney announced it had proposed to place out 10% of its paid-up, or up to 67.33 million shares.
Based
on the assumption the placement shares were issued at an indicative
issue price of 10 sen per share, which was based on the par value of
the shares, the exercise would raise gross proceeds of up to RM6.73mil.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Hot Stock Evergreen Fibreboard up 2.34% on private placement plan
» Censof plans private placement
» Hibiscus private placement
» LBS proposes private placement
» KYM to raise RM7.65m from private placement of 5m new shares
» Censof plans private placement
» Hibiscus private placement
» LBS proposes private placement
» KYM to raise RM7.65m from private placement of 5m new shares
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|