KUALA LUMPUR: S P Setia Bhd's proposed private placement of new shares of up 15% of its paid-up to existing major shareholders will enable the property developer to raise about RM1 billion.
Its president & chief executive officer Tan Sri Liew Kee Sin said on Wednesday, Feb 23 the corporate exercise would enable S P Setia to raise funds with minimal dilution to the company's share capital base.
'But we cannot speculate on the shareholding spread of these major shareholders after the exercise,' he said after the EGM.
S P Setia said the private placement would involve a bookbuilding exercise which includes a roadshow involving about 30 global funds.
The EGM was to get shareholders' approval for the proposed placement of up to 15% of its paid-up share capital and also a proposed bonus issue on a one-for-two basis after the placement.
Its president & chief executive officer Tan Sri Liew Kee Sin said on Wednesday, Feb 23 the corporate exercise would enable S P Setia to raise funds with minimal dilution to the company's share capital base.
'But we cannot speculate on the shareholding spread of these major shareholders after the exercise,' he said after the EGM.
S P Setia said the private placement would involve a bookbuilding exercise which includes a roadshow involving about 30 global funds.
The EGM was to get shareholders' approval for the proposed placement of up to 15% of its paid-up share capital and also a proposed bonus issue on a one-for-two basis after the placement.
No comments:
Post a Comment