Salcon Berhad ("Salcon" Or "Company") Proposed private Placement of Up To 10% of The Issued And Paid-up Share Capital Of Salcon ("Proposed Private Placement")
BackJan 16, 2008
| General Announcement |
| Reference No MM-080116-61374 |
| Submitting Merchant Bank |
:
|
MIMB INVESTMENT BANK BERHAD |
| Company Name |
:
|
SALCON BERHAD |
| Stock Name |
:
|
SALCON |
| Date Announced |
:
|
16/01/2008 |
 |
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|
| Type | : | Announcement |
| Subject | : | SALCON BERHAD ("Salcon" or "Company") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SALCON ("PROPOSED PRIVATE PLACEMENT") |
Contents :
On behalf of the Board of Directors of Salcon, MIMB Investment Bank Berhad ("MIMB") is pleased to announce that the Company has fixed the issue price at RM1.09 per ordinary share of RM0.50 each ("Placement Shares") to be issued pursuant to the Proposed Private Placement.
The aforementioned issue price of RM1.09 per Placement Share represents a discount of approximately RM0.08 or 6.84% from the five (5)-day weighted average market price of Salcon from 8 January 2008 to 15 January 2008 of approximately RM1.17 per share.
This announcement is dated 16 January 2008.