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Tanjung Offshore Bhd Announces Proposed Private Placement


Monday, 22 Jul 2013 08:00pm EDT 

Tanjung Offshore Bhd announced that the Company is proposing to undertake a private placement of up to 10% of the issued and paid-up share capital of Tanjung to third party investor(s) to be identified and at an issue price to be determined later and in accordance with Section 132D of the Companies Act 1965. Based on the Record of Depositors as at July 17, 2013, being the latest practicable date preceding the date of this announcement, the issued and paid-up share capital of the Company is MYR147,736,268.50 comprising 295,472,537 ordinary shares of MYR0.50 each. The proposed utilisation of the Placement Proceeds to Tanjung and its subsidiary companies are for Strategic acquisition and for Estimated expenses relating to the Proposed Private Placement. 

Company Quote

0.545
-0.015 -2.68%
23 Sep 2014