PETALING JAYA: Prestariang Bhd’s private placement has been completed following the listing of 48.23 million placement shares on the main market of Bursa Malaysia yesterday.
The company had fixed the issue price of the placement shares at 29.6 sen.
This price represented a discount of approximately 9.92% from the five day weighted average market price of Prestariang from June 5, to June 12, of approximately 32.9 sen per placement share.
Prestariang was down 0.5 sen to 54 sen yesterday on volume of 30.69 million shares.
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