Fitters to raise RM6.7m via placement for working capital

Newsflash

KLCI extends gains as global markets rise

Petrofac gets RM220m Carigali refurbishment job

Bursa Malaysia Derivatives launches revamped options on index futures

Willowglen MSC unit gets RM19.99m of jobs

Axiata edges up on positive 1Q earnings

UAC surges on Boustead privatisation plan

April inflation seen at 2.1% y-o-y, matches March level

Suaram slams prosecution of opposition leaders involved in Bersih rally

Fitters to raise RM6.7m via placement for working capital

Business & Market 2010

Written by The Edge Financial Daily

Thursday, 25 March 2010 23:27

A + / A - / Reset

KUALA LUMPUR: Fitters Diversified Bhd has proposed a private placement of up to 13.12 million new shares of 50 sen each, representing about 10% of its paid-up capital, at 51 sen per share to independent third party investors to be identified at a later stage.

As at March 18, 2010, its paid-up capital totalled RM65.58 million comprising 131.16 million shares. Fitters said on Thursday, March 25, the issue price represented a discount of about four sen or 8% to the five-day weighted average market price up to March 25 of 55.44 sen.

Fitters said it expected to raise gross proceeds of about RM6.69 million, which would be used for working capital.

Panasonic targets 27% of flat TV market< Prev		Next >Skytrax finds KLIA the world's 5th best airport

Last Updated on Thursday, 25 March 2010 23:29

Categories

Other Publications & Pullouts