NOVA MSC BERHAD
5 Mar 2007
|Subject||NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”)
PROPOSED PRIVATE PLACEMENT OF UP TO 34,517,825 NEW ORDINARY SHARES OF RM0.10 EACH IN NOVAMSC (“PROPOSED PRIVATE PLACEMENT”)
On behalf of the Board of Directors of NOVAMSC, OSK Investment Bank Berhad (formerly known as OSK Securities Berhad) (“OSK”) wishes to announce that the Company proposes to implement a private placement of up to 34,517,825 new ordinary shares of RM0.10 each in NOVAMSC (“Placement Shares”), representing not more than ten percent (10%) of the issued and paid-up share capital of the Company, to investors to be identified (“Proposed Private Placement”).
Further details on the Proposed Private Placement are set out in the file attached.
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