KUALA LUMPUR: Shares of HAP SENG CONSOLIDATED BHD [] surged to a high of RM7.52 in early trade on Monday, Jan 10 when it resumed trading after announcing plans to raise up to RM1.46 billion from a corporate exercise.
At 9.19am, it was off the early high and it was trading at RM7.38, up two sen. There were 1.35 million shares done at prices ranging from RM7.35 to RM7.52.
The FBM KLCI was up 2.91 points to 1,575.12. Turnover was 239.65 million shares valued at RM185.41 million. There were 319 gainers, 84 losers and 178 stocks unchanged.
Hap Seng announced last Friday, Jan 7 that it planned to raise up to RM1.46 billion from a corporate exercise which includes RM808.21 million from a private placement and another RM654.54 million from a rights issue.
It had proposed to place out up to 124.53 million new shares at an issue price of RM6.49 per placement share which would raise RM808.21 million.
It would also undertake a renounceable rights issue of up to 448.31 million new shares together with up to 448.31 million new free detachable warrants to raise RM654.54 million.
At 9.19am, it was off the early high and it was trading at RM7.38, up two sen. There were 1.35 million shares done at prices ranging from RM7.35 to RM7.52.
The FBM KLCI was up 2.91 points to 1,575.12. Turnover was 239.65 million shares valued at RM185.41 million. There were 319 gainers, 84 losers and 178 stocks unchanged.
Hap Seng announced last Friday, Jan 7 that it planned to raise up to RM1.46 billion from a corporate exercise which includes RM808.21 million from a private placement and another RM654.54 million from a rights issue.
It had proposed to place out up to 124.53 million new shares at an issue price of RM6.49 per placement share which would raise RM808.21 million.
It would also undertake a renounceable rights issue of up to 448.31 million new shares together with up to 448.31 million new free detachable warrants to raise RM654.54 million.
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