PETALING JAYA: Tanjung Offshore Bhd has fixed the issue price of its private placement exercise of up to 29.82 million new shares at 57 sen each, representing 10% of the issued and paid-up capital of the company.
It told Bursa Malaysia yesterday that the 57 sen per placement share price represented a premium of 2.2% to the company’s five-day volume weighted average market price up to and including Sept 6 of 55.8 sen per share.
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