Unisem can support expansion plans as demand grows
PETALING JAYA: Proceeds from Unisem (M) Bhd
’s final tranche of private placement will put the company in a stronger financial position and support its expansion as it caters to growing chip demand.
Unisem has fixed the issue price for the private placement at RM7.70 per share, which represents a 7% premium to the stock’s five-day volume weighted average market price and a 40% premium to the issue price for the first tranche at RM5.50 per share.
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