Strategic Partnership Agreement with Bursa-Listed Nestcon Berhad for Solar Energy Initiative; Proposed Share Placement to Prominent Investors to Accelerate the Group's New Growth InitiativesSINGAPORE &
EQS-Adhoc: Meyer Burger Technology AG: Meyer Burger Technology launches private placement of up to 160 mn new shares and a private placement of approx EUR 125 mn green convertible bonds due 2027 by way of accelerated book building process finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Malayan Cement Bhd to repay borrowings with share placement 16 April 2021
Malayan Cement Bhd is expected to raise MYR226.95m (US$55m) mainly to repay bank borrowings via a proposed placement of up to 85m shares, representing 10 per cent of the company s issued shares as of 14 April 2021. The total fund is based on the illustrative issue price of MYR2.67 per placement share, said Malayan Cement.
Malayan Cement said MYR53.93m out of the total proceeds would be used for working capital, MYR170m will be used to repay bank borrowings, and MYR3m to defray estimated expenses relating to the proposed placement.
has concluded its private share placement exercise with the completion of the second tranche on Wednesday where another 100.36 million new shares were issued.
The low-cost carrier announced the tranche representing about 3% of its total issued shares at an issue price of 86.5 sen each.
It said this follows the initial tranche of 11.07% or 369.85 million shares issued on Feb 19 that saw the emergence of Hong Kong-based investor Dr Stanley Choi Chiu Fai as a substantial shareholder after upgrading his share position to 8.96% from less than 5% previously.
“In total, both tranches delivered 470.21 million new shares issued under the private placement exercise, representing 14.07% of AirAsia Group’s total issued shares and raised a total of RM336.46mil, ” it said.
Correction to BYD Co Share Placement Article morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.