Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Wright Reports
$75.00
Provider: Reuters Investment Profile
$20.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Handal Resources Berhad Announces Proposed Private Placement Of Up To 10% Of The Issued And Paid-Up Share Capital Of HRB


Monday, 16 Sep 2013 08:00pm EDT 

On behalf of the Board of Directors of Handal Resources Berhad, RHB Investment Bank Berhad announced that the Company proposes to undertake a private placement of up to 10% of the issued and paid-up share capital of the Company to investors to be identified in accordance with Section 132D of the Companies Act, 1965. As at August 20, 2013, the issued and paid-up share capital of the Company is MYR80,000,000 comprising 160,000,000 HRB Shares. Assuming full exercise of all outstanding 60,000,000 warrants, the issued and paid-up share capital of HRB will increase to MYR110,000,000 comprising 220,000,000 HRB Shares. Accordingly, the Proposed Private Placement may entail the issuance of up to 22,000,000 HRB Shares to investors to be identified at a later stage. The maximum number of Placement Shares was based on 10% of the issued and paid-up share capital of HRB as at August 20, 2013. The Proposed Private Placement is expected to raise estimated gross proceeds up to MYR11.0 million based on an indicative issue price of MYR0.50 per Placement Share. The proceeds to be raised from the Proposed Private Placement are expected to be utilised for Business expansion, Working capital and for Estimated listing expenses. 

Company Quote

0.425
-0.0050 -1.16%
11 Jul 2014