KUALA LUMPUR: WZ Satu Bhd said it proposed on July 18 this year to buy five million ordinary shares of RM1 each in Misi Setia Oil & Gas Sdn Bhd for RM27mil.
In a filing to Bursa Malaysia today, WZ said approximately RM16.2mil will be satisfied in cash with the balance to be satisfied via the issuance of 10.59 million new WZ shares at an issue price of RM1.02 per WZ share.
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