Bumi Armada prices rights issue at high discount


Rights issue set at at RM1.35 a share to raise gross proceed of RM2bil

PETALING JAYA: International offshore oilfield services provider Bumi Armada Bhd’s rights shares have been fixed at RM1.35 apiece, which is a 32% discount to the theoretical ex-all price (TEAP) of RM1.98 per share.

Based on this issue price, the rights are expected to raise gross proceeds of RM2bil.

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Business , Bumi , Armada , rights , issue

   

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