KUALA LUMPUR: BINA PURI HOLDINGS BHD [] is expected to raise between RM12.77 million and RM14.52 million from its proposed share placement exercise.
The company said on Thursday, July 21 this was based on an indicative issue price of RM1.17 per placement share and based on the shares to be placed out, ranging from 12.41 million shares to 14.94 million shares
It said assuming an indicative issue price of RM1.17 per placement share -- discount of about 10% to the volume weighted average market price for the five market days from July 14 to 20, of RM1.30 -- the company is expected to raise up to RM14.52 million.
The company said on Thursday, July 21 this was based on an indicative issue price of RM1.17 per placement share and based on the shares to be placed out, ranging from 12.41 million shares to 14.94 million shares
It said assuming an indicative issue price of RM1.17 per placement share -- discount of about 10% to the volume weighted average market price for the five market days from July 14 to 20, of RM1.30 -- the company is expected to raise up to RM14.52 million.
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