NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 77,202,950 NEW ORDINARY SHARES OF RM0.10 EACH IN NOVAMSC (“PROPOSED PRIVATE PLACEMENT”)

HomeAnnouncements NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 77,202,950 NEW ORDINARY SHARES OF RM0.10 EACH IN NOVAMSC (“PROPOSED PRIVATE PLACEMENT”)

Posted on January 2010 By Nova Hub No comments yet

NOVA MSC BERHAD
20 Jan 2010

Type Announcement
Subject NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 77,202,950 NEW ORDINARY SHARES OF RM0.10 EACH IN NOVAMSC (“PROPOSED PRIVATE PLACEMENT”)
Contents The abbreviations used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement made on 28 March 2008.

We refer to the earlier announcement made by OSK, on behalf of the Board, on 28 March 2008 in relation to the Proposed Private Placement.

On behalf of the Board, OSK is pleased to announce that the Board has fixed the issue price of RM0.10 per Placement Share for the third and final tranche of the Proposed Private Placement, comprising 42,849,750 Placement Shares.

The issue price of RM0.10 represents a premium of approximately 25.0% from RM0.08, being the five (5)-day VWAMP of NOVAMSC Shares up to and including 19 January 2010.

This announcement is dated 20 January 2010.

 

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