Thursday, June 30, 2011

Yinson fixes private placement at RM1.65

KUALA LUMPUR: YINSON HOLDINGS BHD [] has fixed the price of the proposed placement shares at RM1.65.

The company said on Thursday, June 30 the placement price was a discount of about 9.34% over the five-day volume weighted average market price of the shares up to June 29 of RM1.82.

Under the corporate exercise, the number of shares to be placed out is 10% of the paid-up share capital or 6.885 million new shares.

At midday, Yinson share price was up one sen to RM1.89.

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