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Milux fixes placement share price at RM1.11 |
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Written by Joseph Chin
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Wednesday, 21 October 2009 19:32 |
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KUALA LUMPUR: Milux Corporation Bhd, which is undertaking a proposed placement of 4.237 million shares , has fixed the issue price at RM1.11.
According to Milux on Wednesday, Oct 21, the issue price was a discount of about 9.76% to the five-day volume weighted average market price of Milux's shares up to and including Oct 20 of RM1.23.
The placement represent 10% of its paid-up. The board does not intend to place the shares to directors or substantial shareholders of Milux and/ or persons connected with them.
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Last Updated on Wednesday, 21 October 2009 20:22