Wednesday, 7 March 2012

Brahim’s 17.9m new placement shares fixed at RM1.10 each

KUALA LUMPUR (March 7): Brahim’s Holdings Bhd has fixed the issue price of up to 17.90 million new shares to be placed out at RM1.10 per placement share.

It said on Wednesday the shares represented up to 10% of the paid-up share capital.

Brahim’s said the issue price was 0.9% below the five-day volume weighted average price up to and including March 6, which was the market day immediately preceding the price fixing date of RM1.11.

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