Type Announcement Subject MULTIPLE PROPOSALS Description DAYA MATERIALS BERHAD (“DMB” OR “COMPANY”)
(I) PROPOSED ACQUISITION OF “SIEM DAYA 1” (II) PROPOSED ACQUISITION OF “SIEM DAYA 2” (III) PROPOSED PLACEMENT (IV) PROPOSED RIGHTS ISSUE (V) PROPOSED BONDS ISSUE (VI) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL
Are you guys going to subcribe for the right issue? Is it going to profit after increase shares capital? What if the price drop after the right issue? Going to keep dumping money to average your investment? You really needs tons of cash to load up.
Integrated oil and gas player Daya Materials Bhd has fixed the price of another tranche of its placement shares at 26.5 sen each, which is a discount of 2.27 sen or 7.89% to its five-day volume weighted average market price up to Sept 30.
The group said it had accepted an offer from one Norzain Abdul Wahab to subscribe to 50 million placement shares, valued at RM13.25 million, its filing with Bursa Malaysia today read.
The share placement undertaken by Daya is one of the methods to raise funds for the acquisition of two offshore subsea construction vessels, Siem Daya 1 and Siem Daya 2, for US$280 million.
Daya lost half a sen today to close at 28 sen, giving it a market capitalisation of RM388.87 million.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ring
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Posted by Ring > 2014-09-26 21:44 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1750377