PETALING JAYA: Coastal Contracts Bhd has fixed the price of its 48.31 million placement shares at RM4.30 each, which would entail the exercise raising some RM207.73mil.
The company said in its filing with Bursa Malaysia: “The issue price for the placement shares of RM4.30 represents a discount of 8.65% to the five-day volume weighted average market price of Coastal shares, up to and including March 11, 2014 (being the last market day prior to the price-fixing date) of RM4.7072 per Coastal share.”
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