Monday, January 3, 2011

Maxwell International public issue undersubscribed

KUALA LUMPUR: Maxwell International Bhd's public issue of 20 million new shares of 40 sen each at an offer price of 54 sen apiece was undersubscribed.

Malaysian Issuing House Sdn Bhd said on Monday, Jan 3, 2011 there were 1,698 applications for 18.01 million shares.

However, all the 43.7 million shares reserved for private placement for selected investors were placed out.


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