Q&A, General question on stock market
|
|
 Jan 26 2011, 02:22 PM
Return to original view | Post
#1
|
 
Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World  
|
Hope someone can help me understand this:
SP SETIA (I) PROPOSED PLACEMENT OF NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA ("S P SETIA SHARES"), REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PROPOSED PLACEMENT") This placement of new shares, who is going to pay for it? Is it existing shareholders? Why the price is so cheap compare to the current mother share price? Newbie here... |
|
|
Jan 26 2011, 03:15 PM
Return to original view | Post
#2
|
|
Senior Member
2,114 posts Joined: Aug 2010 From: Edge Of D. World
|
QUOTE(cherroy @ Jan 26 2011, 03:46 PM) Private placement mean specific identified investors by the company. It is not issued at RM0.75. Rm0.75 is the par value of the stock only. Private placement price will be determined later based on market average price, which company can decide later.  Thank you for replying  So that means existing share holder do not incur additional cost due to this private placement? I remember it is different with Hapseng? |
|
Topic ClosedOptions
|
| Change to: |  0.0191sec
 0.50
 7 queries
 GZIP Disabled
Time is now: 10th December 2025 - 01:02 AM |
Quote