Tuesday, July 20, 2010

Silver Bird to place out 19.5m new shares

KUALA LUMPUR: SILVER BIRD GROUP BHD [] had proposed to place out 19.5 million new shares under a placement exercise at 70 sen per share.

Silver Bird said the new shares, which will be 5.3% of the enlarged capital, would be issued to qualified placees later.

"The issue price of the placement shares has been fixed by the board at 70 sen per placement share representing a discount of approximately 7.89% to the five-day WAMP of Silver Bird shares up to July 19 of 76 sen," it said.

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