Private placement cheer for Unisem


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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Unisem , private placement , expansion

   

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