Business News

Published: Thursday February 7, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:42:35 AM

SP Setia to raise up to RM962m from share sale

KUALA LUMPUR: SP Setia Bhd plans to raise up to RM962.1mil (US$310.51mil) from a share sale, Thomson Reuters subsidiary IFR reported on Thursday.

SP Setia will sell 320.7 million shares, which represent 15% of the existing paid up capital, with an indicative price ranging between RM2.88 and RM3 per share, IFR reported

The price range represents up to a 7.1% discount to the last close of RM3.10 per share.

Maybank is the sole bookrunner for the sale, IFR said. - Reuters

Tags / Keywords: News, Business, SP Setia Bhd, share placement to raise RM962.1mil, Reuters, Business


  1. TNB net profit up to RM1.7bil
  2. Obama to lend MaGIC touch
  3. Battersea's 2nd phase to cost more than twice of phase 1
  4. Quek, Poh acquire 15% of Alam Maritim
  5. Liew's 2.76% stake in S P Setia traded off-market at RM3.95 per share
  6. Property transactions dip, but house prices continue to rise
  7. 1MDB and US firm in solar tie-up
  8. 1MDB's annual land assessments set a precedent
  9. Bulk of 1MDB loans guaranteed by Govt
  10. M'sian property market falls 10.9% in volume, rises 6.7% in value