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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: DBS Bank

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Mermaid Maritime PCL Announces Proposed Non-Renounceable Non-Underwritten Rights Issue

Wednesday, 20 Mar 2013 06:41am EDT 

Mermaid Maritime PCL announced that it proposes to undertake a non-renounceable non-underwritten rights issue of new ordinary shares with a par value of THB1 each and a private placement of such number of new ordinary shares with a par value of THB1 each in the capital of the Company, which would be equivalent to the remaining unsubscribed excess Rights Shares to raise gross proceeds of approximately SGD176.1 million (equivalent to approximately USD140.9 million, based on an exchange rate of SGD1.25 to USD1.00). Rights Shares will be offered at an issue price of SGD0.280 for each Rights Share on the basis of four Rights Shares for every five existing ordinary shares with a par value of THB1. 

Company Quote

-0.01 -3.28%
26 Dec 2014