Wednesday, 3 July 2013

Cypark plans private placement

Cypark Resources Bhd is proposing to undertake a private placement of up to RM33.95m to raise funds for its working capital requirements. Granted shareholders' approval to issue new shares at its AGM in April, the company said it would issue up to 16,972,800 placement shares, representing up to 10% of the issued and paid-up share capital in Cypark to independent third party investors at an issue price to be determined and announced at a later date. (StarBiz)

Source: CIMB Daybreak - 03 July 2013

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