Vivocom prices private placement shares at 9.23% discount

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KUALA LUMPUR (Nov 14): Vivocom International Holdings Bhd has received a notice from Macquarie Bank to subscribe 5 million Vivocom shares at 12 sen per share, which is a discount of 9.23% to the five-day volume weighted average market price (VWAMP) of 13.22 sen per share on Nov 13.

The stock closed down 0.5 sen or 3.7% at 13 sen today, with 13.02 million shares done.

According to Bursa Malaysia's Main Market listing requirements, "a listed issuer must ensure that shares are not priced at more than 10% discount to the VWAMP of the shares for the five market days immediately before the price-fixing date".