Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
what i can see is they need to pump the price up to rm2 in order to raise 100M ringgit from private placement. cause they plan to issue 10.8% of new shares. currently kpower has total 452million shares. so 10.8% will be around 48.8million of new share. so in order to raise 100million cash... they need to sell it at rm2.04 per share
In a filing with Bursa Malaysia today, KPower has proposed to issue 48.78 million new shares, or 10.8% of its issued share capital to investors to be identified at a later date
Keith, you are correct. I think alot of people misunderstood here. From what I understand from their announcement, they can issue up to 20% in order to raise 100m based on the share price. Please correct me if I'm wrong
but no matter what. the PP is use to expand its business. so is actually a healthy PP. thers were few counters in the past the share price up after PP was announced
