Scomi moots private placement

PETALING JAYA: Scomi Group Bhd has proposed to undertake a private placement of up to 10% of its issued share capital, which may raise gross proceeds of up to RM13.13mil under the minimum scenario and up to RM19.02mil under the maximum scenario.

This is assuming that the placement shares are placed out at an indicative issue price of 12 sen per placement share, which approximated the five-day, volume-weighted average price (VWAP) of Scomi shares up to and including June 1 of 11.96 sen.