Propel Global's (KLSE:PGB) board fixed the issue price for the third tranche of the private placement at 0.0584 ringgit per share, according to a Thursday Malaysian bourse filing.
The construction engineering company proposed a private placement of up to 10% of its issued shares.
The issue price represents a discount of about 8.5% to the five-day volume-weighted average price of the company's shares up to and including Aug. 19.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments