WCT and Bina Puri are among the more active contractors in Sabah over the past few years
KUALA LUMPUR: WCT Holdings Bhd
’s first tranche of placement shares totaling RM100.45 million units, has been fixed at RM1.77 per unit after a book-building exercise.
The property-construction company announced on Thursday that at RM1.77, this was 4% below the five-day volume weighted average price of the shares up to and including Wednesday of RM1.8464.
The first tranche was about 8% of the total number of issued WCT shares (excluding treasury shares) of 1.256 billion shares.
WCT said these placement shares would be listed on the Main Market of Bursa Securities in due course.
“The gross proceeds to be raised from the first tranche of the placement amounts to approximately RM178mil.
“The balance of up to 24.54 million placement shares which are yet to be placed out may be issued at a later date,” WCT said.
Limited time offer:
Just RM5 per month.
