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|announcement||:||03 November 2009|
|Subject||:||THREE-A RESOURCES BERHAD (“3A” OR THE “COMPANY”)
PRICE FIXING OF 61,600,000 NEW ORDINARY SHARES OF RM0.20 EACH IN 3A ("3A SHARES"), REPRESENTING UP TO 20% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF 3A PURSUANT TO THE PROPOSED PRIVATE PLACEMENT ("PROPOSED PRIVATE PLACEMENT")
(Unless otherwise defined, all terms used in this announcement shall have the same meaning ascribed to them in the earlier announcements on the Proposed Private Placement)
We refer to the earlier announcements made on 5 October 2009, 8 October 2009, 12 October 2009 and 16 October 2009 in relation to the Proposed Private Placement and on 3 November 2009 in relation to the approval of the shareholders for the Proposed Private Placement.
On behalf of the Board of Directors of 3A, OSK Investment Bank Berhad wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.75 per Placement Share.
The issue price of RM0.75 represents a discount of approximately 12.63% to the five (5)-day WAMP of 3A Shares up to 2 October 2009 (being the market day immediately preceding the date of the announcement on the Proposed Private Placement) of RM0.8584.