KUALA LUMPUR: Green Ocean Corporation Bhd’s proposed private placement of up to 10% of its issued shares or 28.97 million new shares at 18.5 sen each has lapsed.
In a statement to Bursa Malaysia, it said the payment condition was not met and the issue price for the initial tranche of placement shares had lapsed.
On July 28, it fixed the issue price for the initial tranche at 18.5 sen per placement share. This would see the company raise up to RM5.36mil.
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