chairman Datuk Seri Nazir Razak at 95 sen a share.
It said on Friday the 19 million new shares represented about 5.23% and 3.61% of the issued shares under the minimum scenario of 363.20 million shares and maximum scenario of 526.05 million shares. The total cash consideration for the 19 million new shares will be RM18.05mil.
PLS said Nazir is the chairman and founding partner of Ikhlas Capital Singapore Pte Ltd, a private equity firm based in Singapore and has a presence in Malaysia, Jakarta and Manila.
PLS had also proposed to place up to 33.60 million new shares, or up to 6.39% of the issued shares to third party investors at a later date and at an issue price to be determined.
KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Dec 21) include: Chemical Company of Malaysia Bhd, NWP Holdings Bhd, Pecca Group Bhd, Reservoir Link Energy Bhd, Bermaz Auto Bhd, Pegasus Heights Bhd, Hai-O Enterprise Bhd, PCCS Group Bhd, Gas Malaysia Bhd, PLS Plantation Bhd, Fintec Global Bhd, NetX Holdings Bhd, Puncak Niaga Holdings Bhd and NTPM Holdings Bhd.
Seasoned investor Pui Cheng Wui has emerged as a substantial shareholder of
Chemical Company of Malaysia Bhd (CCM) after acquiring 27.03 million shares or a 16.12% stake in the company. The move comes just a month after Batu Kawan Bhd announced the acquisition of a 56.32% stake in CCM from Permodalan Nasional Bhd. Pui’s purchase of the 16.12% stake was made in the open market on Dec 16. The block of shares would have cost him RM83.26 million based on the closing price of RM3.08 on Dec 16.