KUALA LUMPUR (Feb 10): HUBLINE BHD [] has fixed the issue price for its private placement of 20 million new shares together with 30 million additional warrants at 20 sen per share.
“The issue price represents a premium of 100% to the five-days volume weighted average market price of Hubline shares up to and including Feb 9, 2012 of 10 sen per Hubline share,” it said on Friday.
The private placement represented 16.45% of the existing paid-up share capital on the basis of three additional warrants for every two placement shares subscribed.
Hubline closed 0.5 sen lower at 10 sen on Friday with 11.78 million shares transacted.
“The issue price represents a premium of 100% to the five-days volume weighted average market price of Hubline shares up to and including Feb 9, 2012 of 10 sen per Hubline share,” it said on Friday.
The private placement represented 16.45% of the existing paid-up share capital on the basis of three additional warrants for every two placement shares subscribed.
Hubline closed 0.5 sen lower at 10 sen on Friday with 11.78 million shares transacted.
