refer to the announcements dated 9 August 2019, 2 October 2019, 15 November 2019, 28 November 2019, 23 December 2019, 30 April 2020 and 9 November 2020 in relation to the Private Placement (“Announcements”) as well as the Circular dated 29 November 2019 (“Circular”). Unless otherwise defined, the definitions set out in the previous Announcements and Circular shall apply herein.
On behalf of the Board, AmInvestment Bank wishes to announce that the Board has on 19 February 2021 fixed the issue price for 90,000,000 Placement Shares at RM1.13 per Placement Share (“First Tranche”).
The issue price of RM1.13 per Placement Share represents a discount of approximately 9.53% to the 5-days VWAP of KPPROP Shares up to and including 18 February 2021, being the last traded day of KPPROP Shares immediately preceding the price-fixing date, of RM1.2490 per KPPROP Share.
The orderbook was subscribed by by more than 1.9 times of the total number of Placement Shares available for subscription under the First Tranche.
For information purposes, the issue price for subsequent tranche(s), if any, will be determined and announced by the Company separately.
If you look at kpprop project in old klang road you will love it. Marriott to come in, with some officr mix wirh residences, as well as a shopping areas. Old klang road dont have nice hotel. All go pearl points, or mid valley hotel. Only a small hotel like tht summit group one, wonder how it survived there. Maybe next time got pavilion hotel in bukit Jalil lah
This is better than lagenda. Kpprop is a developer have its own construction listed company Kerjaya. Their boss Mr.Tee is a very cautious and stingy person, company have a strong cash flow. Good news just came out, their financial profit grow 170% this quarter, reach Rm1.80 is just a matter of time. Hehe
On behalf of the Board, AmInvestment Bank wishes to announce that the Board has on 19 February 2021 fixed the issue price for 90,000,000 Placement Shares at RM1.13 per Placement Share (“First Tranche”).
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....
SpicyMcDeluxe
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Posted by SpicyMcDeluxe > 2021-02-05 15:37 | Report Abuse
kekw