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Cypark Resources Berhad Announces Private Placement


Monday, 1 Jul 2013 08:00pm EDT 

Cypark Resources Berhad announced the proposed private placement of up to 16,972,800 new ordinary shares of MYR0.50 each in CRB, representing up to 10% of the issued and paid-up share capital of CRB at an issue price to be determined and announced later On behalf of the Board of Directors of Cypark Resources Berhad, Public Investment Bank Berhad wishes to announced that the Company proposes to undertake a private placement of up to 16,972,800 Placement Shares, representing up to 10% of the issued and paid-up share capital of CRB to investors at an issue price to be determined and announced later. The exact amount of gross proceeds to be raised from the Proposed Private Placement is dependent on the actual issue price and the actual number of the Placement Shares to be allotted and issued to the placees. At the indicative issue price of MYR2.00 per Placement Share, the Proposed Private Placement is expected to raise an estimated gross proceed of up to MYR33.95 million which is proposed to be utilised for Working capital requirements and for Estimated expenses. 

Company Quote

2.7
0.02 +0.75%
19 Sep 2014