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Komarkcorp Bhd Announces Issue Of Securities


Monday, 24 Jun 2013 06:20am EDT 

Komarkcorp Berhad announced that proposed private placement of up to 10% of the issued and paid-up share capital of the Company to third party investors. Based on the total issued and paid-up share capital of Komark of MYR81,275,010 comprising 81,275,010 Komark Shares as at June 7, 2013, a total of up to 8,127,501 new Komark Shares (Placement Share) will be issued pursuant to the Proposed Private Placement. Based on the indicative issue price of MYR1.00 per Placement Share, the Proposed Private Placement is expected to raise gross proceeds of up to MYR8,127,501. The proceeds are intended to be utilised by Komark and its subsidiary companies for repayment of bank borrowing and for working capital requirements. 

Company Quote

0.5
-0.01 -1.96%
19 Dec 2014