Wednesday 9 November 2011

Cuscapi declines after share placement

Cuscapi Bhd, a Malaysian software provider, fell in Kuala Lumpur trading after pricing its private placement at a 4.4 percent discount to its recent average share price.

The stock fell 1.1 percent to 45 sen at 9:39 a.m. local time, set for its lowest close since Nov. 3. Cuscapi priced its placement at 43 sen per share. -- Bloomberg
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