“The proposed private placement is mainly undertaken to improve the public shareholding spread of the group and potentially increase the liquidity of Unisem shares, ” it had then said in a filing with Bursa Malaysia. (File pic shows Unisem factory)
PETALING JAYA: Unisem (M) Bhd
has fixed the first tranche of 51.63 million shares under its private placement at RM5.50 per share which will enable it to raise RM284.96mil.
It said in a statement that the RM5.50 per placement share was 1.9% below the five-day volume weighted average market price up to last Friday of RM5.6084 per share.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
