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Asdion Bhd Announces Proposed Private Placement


Friday, 22 Mar 2013 05:21am EDT 

Asdion Bhd announced that the Company proposes to undertake a private placement of new ordinary shares of RM0.10 each in Asdion (Asdion Shares), representing up to 10% of the issued and paid-up share capital of the Company (Placement Shares). Based on the issued and paid-up share capital of Asdion as at March 22, 2013 of RM6,642,000 comprising 66,420,000 Asdion Shares and the outstanding 10,580,000 outstanding 2008/2013 warrants of Asdion (Warrants), the number of Placement Shares to be issued under the Proposed Private Placement would be as follows: up to 6,642,000 Placement Shares, representing up to 10% of the issued and paid-up share capital of Asdion if none of the outstanding Warrants are exercised (Minimum Scenario); or up to 7,700,000 Placement Shares, representing up to 10% of the issued and paid-up share capital of Asdion assuming full exercise of all the outstanding Warrants (Maximum Scenario). 

Company Quote

0.35
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27 Nov 2014