HOHUP (5169) - Ho Hup fixes placement share price at RM1.12 per share
January 13, 2015 : 7:24 PM MYT
KUALA LUMPUR (Jan 13): Ho Hup Construction Co Bhd has fixed the issue price of its 38.86 million private placement shares to independent third party investors at RM1.12 per share.
In a filing with Bursa Malaysia today, Ho Hup said the price of RM1.12 represents a discount of approximately 9.69% or 12 sen from the five day weighted average market price of Ho Hup shares from Jan 7, 2015 to Jan 13, 2015 (today), which is around RM1.24 per share.
Shares of Ho Hup (Fundamental score: 2.1; Valuation score: 1.5) closed down 4 sen, or 3.12% lower at RM1.24, giving it a market capitalisation of RM385.96 million.
(Note: The Edge Research's Fundamental Score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. A score of 0 means weak fundamentals and a score of 3 means strong fundamentals. Meanwhile, the Valuation Score determines if a stock is attractively valued or not, calculated based on historical numbers. A score of 0 means valuations are not attractive, while a score of 3 means valuations are attractive.)
http://www.theedgemarkets.com
January 13, 2015 : 7:24 PM MYT
KUALA LUMPUR (Jan 13): Ho Hup Construction Co Bhd has fixed the issue price of its 38.86 million private placement shares to independent third party investors at RM1.12 per share.
In a filing with Bursa Malaysia today, Ho Hup said the price of RM1.12 represents a discount of approximately 9.69% or 12 sen from the five day weighted average market price of Ho Hup shares from Jan 7, 2015 to Jan 13, 2015 (today), which is around RM1.24 per share.
Shares of Ho Hup (Fundamental score: 2.1; Valuation score: 1.5) closed down 4 sen, or 3.12% lower at RM1.24, giving it a market capitalisation of RM385.96 million.
(Note: The Edge Research's Fundamental Score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. A score of 0 means weak fundamentals and a score of 3 means strong fundamentals. Meanwhile, the Valuation Score determines if a stock is attractively valued or not, calculated based on historical numbers. A score of 0 means valuations are not attractive, while a score of 3 means valuations are attractive.)
http://www.theedgemarkets.com
