PERISAI PETROLEUM PRICES PLACE­MENT SHARE AT 11.9 SEN

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Perisai Petroleum Te­knologi Bhd has fixed the is­sue price for the ninth tranche of its pri­vate place­ment ex­er­cise at 11.9 sen per place­ment share, which rep­re­sents a dis­count of 9.97% to the five-day vol­ume weighted av­er­age mar­ket price of 13.2 sen up to and in­clud­ing Sept 27, 2016. Last Oc­to­ber, Perisai an­nounced that the pri­vate place­ment will in­volve the is­suance of up to 119.27 mil­lion shares. It had ex­pected to raise RM37 mil­lion based on an is­sue price of 31 sen per share to re­pay bank bor­row­ings and as cap­i­tal in­vest­ment.

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