Wednesday 24 Apr 2024
By
main news image

KUALA LUMPUR (Nov 3): WZ Satu Bhd has fixed the issue price for its remaining 4 million placement shares at RM1.78 each.

In a filing with Bursa Malaysia today, the company said the issue price of RM1.78 per placement share represents a discount of 44 sen, or 19.82% to the ex-warrants price as set out in the circular dated Sep 15, 2014, based on the one-month volume weighted average market price (VWAMP) of WZ Satu shares up to and including Nov 2, 2014 of RM2.22.

To recap, the company had announced on July 1, 2014 the placement of 57 million new WZ Satu shares, representing 30% of its existing share capital to third-party bumiputera institutions and/or investors.
 

 

      Print
      Text Size
      Share