Announcement Date | 21 May 2007 |
Type | Announcement |
Subject | THREE A-RESOURCES BERHAD ("TARB") PROPOSED PRIVATE PLACEMENT |
Contents |
We refer to the above-captioned, and the earlier announcement made on 26 March 2007, 28 March 2007, 16 April 2007, 17 April 2007 and 14 May 2007 in relation to the Proposed Private Placement. OSK Investment Bank Berhad (formerly known as OSK Securities Berhad) (“OSK”) on behalf of TARB is pleased to announce that the Board of Directors of TARB (“Board”) has fixed an issue price of RM0.36 per placement share for the first tranche of the placement shares, comprising 8,750,000 placement shares. It is not the intention of the Board to place the placement shares to Directors or substantial shareholders of TARB and/ or persons connected with them. This issue price represents a discount of approximately 9.63% from the 5-day weighted average market price of TARB’s shares up to and including 18 May 2007 of RM0.3984. |