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Seal:Fund Raising

posted 25 May 2011, 16:44 by Zam Mlk   [ updated 25 May 2011, 16:47 ]
Type
:
Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING

Description
:
SEAL INCORPORATED BERHAD ("SEAL" or the "Company")

Proposed private placement of up 18,342,717 new ordinary shares of RM0.40 each in SEAL representing approximately ten per centum (10%) of the issued and paid-up share capital of SEAL after the Capital Reduction

Announcement Details/Table Section :

(The abbreviations used herein have the same meaning as those defined in the Company's announcement dated 26 May 2010)

Reference is made to the Company's announcements dated 16 December 2010, 14 December 2010, 12 November 2010, 15 July 2010, 22 June 2010, 10 June 2010 and 26 May 2010 in relation to the Proposals.

On behalf of the Board of Directors of SEAL, MIDF Amanah Investment Bank Berhad is pleased to announce that the Board had on 25 May 2011 ("Price Fixing Date") fixed the issue price at RM0.487 ("Issue Price") per Placement Share.

The Issue Price represents a discount of 10% from the five (5)-day weighted average price of SEAL Shares up to 24 May 2011, being the market day immediately preceding the Price Fixing Date of RM0.5413.

This announcement is dated 25 May 2011.



Komen: Harga SEAL mungkin akan naik atas 54sen, jika tidak mungkin RIGHT issues mereka tu tak laku.

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