Sasbadi to raise RM32mil from private placement


  • Business
  • Tuesday, 12 Jan 2016

PETALING JAYA: Sasbadi Holdings Bhd has fixed the issue price of its proposed private placement at RM2.49 a piece, that would see the company raise about RM31.6mil in proceeds.

In a filing with Bursa Malaysia yesterday, Sasbadi said the price represents a discount of about 0.24% to the weighted average market price for five days up to Jan 8 of RM2.496 a share.

The proposed placement was up to 12.7 million shares, representing 10% of Sasbadi issued and paid-up capital to third-party investors to be identified.

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Business , Sasbadi , placement , capital

   

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