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

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