KUALA LUMPUR:'' Shares of HAP SENG CONSOLIDATED BHD [] fell for the second day on Friday, May 13 after it fixed the share placement price at RM5.25 on Thursday.
At 2.59pm, it was down 16 sen to RM5.47 with 2.16 million shares done. On Thursday, it declined 13 sen to RM5.63.
The FBM KLCI rose 7.83 points to 1,540.12. Turnover was 706.92 million shares valued at RM936.67 million. There were 384 gainers, 267 losers and 291 stocks unchanged.
The company fixed the issue price for the placement shares totaling 43.80 million shares at RM5.25, or 9.9% below the five-day volume-weighted average market price up to May 11 of RM5.83.
The company said on Thursday, May 12 the book-building exercise for the proposed placement of 43.80 million shares saw interest exceeded the amount offered. There was interest for about 62 million shares.
The 43.80 million shares represented 7.8% of the paid-up share capital of RM563.52 million shares, excluding 59.138 million treasury shares.
The placement will raise a gross proceeds of RM229.95 million.
At 2.59pm, it was down 16 sen to RM5.47 with 2.16 million shares done. On Thursday, it declined 13 sen to RM5.63.
The FBM KLCI rose 7.83 points to 1,540.12. Turnover was 706.92 million shares valued at RM936.67 million. There were 384 gainers, 267 losers and 291 stocks unchanged.
The company fixed the issue price for the placement shares totaling 43.80 million shares at RM5.25, or 9.9% below the five-day volume-weighted average market price up to May 11 of RM5.83.
The company said on Thursday, May 12 the book-building exercise for the proposed placement of 43.80 million shares saw interest exceeded the amount offered. There was interest for about 62 million shares.
The 43.80 million shares represented 7.8% of the paid-up share capital of RM563.52 million shares, excluding 59.138 million treasury shares.
The placement will raise a gross proceeds of RM229.95 million.
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