Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 3): HCK Capital Group Bhd (HCK Capital) announced today that its directors had resolved to fix the issue price for its proposed private placement at RM2.40 per placement share.

In its filing to Bursa Malaysia today, the group said the issue price represents a discount of 20% to the five-day weighted average market price of HCK Capital’s shares until Dec 1, of RM3 per share.

HCK Capital had on May 20, proposed a private placement of up to 20% of its issued and paid-up share capital.

The corporate exercise was expected to raise RM27.72 million, of which will mainly be utilised for property-related acquisitions and expenses, and working capital.

HCK Capital share price fell six sen or 2.05% at RM2.89 today, giving it a market capitalisation of RM132.13 million.

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