Avillion to raise up to RM15mil

The group told Bursa Malaysia that the issue price represents a discount of about 7.62% to the five-day volume weighted average price of Avillion shares up to and including Aug 6.

PETALING JAYA: Avillion Bhd has fixed the issue price for the second tranche of its private placement exercise at 12 sen per placement share, allowing it to raise a maximum of RM15.2mil in cash.

The group told Bursa Malaysia that the issue price represents a discount of about 7.62% to the five-day volume weighted average price of Avillion shares up to and including Aug 6.