Malaysia Airports fixes private placement shares at RM7.90 each

  • Business
  • Tuesday, 04 Mar 2014

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is expected to raise RM979.99mil from the placement of 124.05 million new shares after fixing the share price at RM7.90 each.

It said on Tuesday the issue price was a discount of about 4.3% to the five-day volume weighted average price of MAHB shares of RM8.2579 and a discount of 5.7% to the closing price of RM8.38 on Monday.

CIMB, JP Morgan Securities (Malaysia) Sdn Bhd and Credit Suisse (Singapore) Ltd acted as joint placement agents for the private placement.

MAHB share price fell 16 sen to RM8.22 at midday with 1.36 million units done.

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