KUALA LUMPUR: Y.S.P. Southeast Asia Holding Bhd has fixed the issue price of the rights shares at RM1 which is a discount of 9% to the theoretical ex-rights price of RM1.09 per share.
It said on Monday, June 27 the price was based on the five-day volume weighted average price of the shares up to June 24 of RM1.12.
'Based on the issue price of the rights shares of RM1 per new share, the company stands to potentially raise up to RM45.22 million,' it said.
The proceeds would be used for capital expenditure, daily working capital and expenses for the rights issue.
The corporate exercise involved the renounceable rights issue of up to 45.22 million new shares on the basis of one rights shares for every three ordinary shares held.
It said on Monday, June 27 the price was based on the five-day volume weighted average price of the shares up to June 24 of RM1.12.
'Based on the issue price of the rights shares of RM1 per new share, the company stands to potentially raise up to RM45.22 million,' it said.
The proceeds would be used for capital expenditure, daily working capital and expenses for the rights issue.
The corporate exercise involved the renounceable rights issue of up to 45.22 million new shares on the basis of one rights shares for every three ordinary shares held.
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