Cement News tagged under: Share Placement
Malayan Cement Bhd to repay borrowings with share placement16 April 2021, Published under Cement NewsMalayan Cement Bhd is expected to raise MYR226.95m (US$55m) mainly to repay bank borrowings via a proposed placement of up to 85m shares, representing 10 per cent of the company's issued shares as of 14 April 2021. The total fund is based on the illustrative issue price of MYR2.67 per placement share, said Malayan Cement. Malayan Cement said MYR53.93m out of the total proceeds would be used for working capital, MYR170m will be used to repay bank borrowings, and MYR3m to defray estimate... |
Dongwu Cement placement of new shares26 January 2015, Published under Cement NewsChina-based Dongwu Cement said it agreed to place up to 40 million new shares at HK$1.3 apiece, representing a premium of about 3.17 per cent to the closing price of H$1.26. The placing shares represent around 7.25 per cent of the enlarged issued share capital of Dongwu Cement. The estimated net proceeds of about HK$51.3m will be used for acquiring 100 per cent equity interest in Shanghai Biofit Environmental Technology Co, Ltd and for general working capital of the group. |
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