The Kuala Lumpur-listed offshore vessel owner plans to raisearound MYR 17m ($5.16m) from the sale of just under 30 million units at MYR0.57 apiece, it announced today.
That represents a premium of 2.2% on the five day weightedaverage of its stock price last week.
Shares ended trading today up 4.55% on the day at MYR 0.575each.
The sale will expand the outstanding number of shares inTanjung Offshore by around 10%.
Kenanga
