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Malaysia's Serba Dinamik Holdings is looking to raise up to 232.9 million ringgit ($53.45 million) by selling new shares to reduce gearing and for general working capital requirements, according to a term sheet seen by Reuters.
The firm, which provides engineering solutions for the oil and gas and power generation industries, is offering more than 153 million new shares, equivalent to 5% of its existing outstanding shares, priced at a discount between 1.49-1.52 ringgit per share.
outstanding share more will dilute co earning. sumore it's fixed at 1.49-1.52. it's your judgement, but most of the time other co raise right mean share price will be adjusted accordingly.
If private placement is for growth purposes , in this case, it is for project funding then is a positive news. With this fund raising in place, it also gave a clearer picture that the project is REAL and not announcing purely to push sentiment sake. just my two cents .
Won't be bonus share, if private placement then nothing to do with us lor, if right issue with attractive price, then those with cash in hand can enjoy attractive discounted price.
Private placement price is average for this five days and sum a maximum up to 10% discount
But serbadk only give 5%discount
I don’t understand why ppl keep comment too low
Hahaha