8 March 2012
Malaysia Airports Holdings Bhd (MAHB) has priced its private placement of up to 110 million new shares at RM5.60 apiece, which will raise gross proceeds of RM616 million.
This represents a discount of 2.4% to the five-day volume-weighted average price of MAHB up to and including March 7 2012 of RM5.738 and a discount of 0.9% to the closing market price of MAHB shares on March 7 of RM5.650.
MAHB told Bursa Malaysia today that the book-building exercise in relation to the private placement has been completed, which had attracted demand from both domestic and foreign institutional investors.
"Based on the issue price of RM5.60 per placement share, the gross proceeds to be raised from the private placement is RM616 million," the airport operator said.
The private placement, which represents 10% of the company’s issued and paid-up share capital, is primarily to part finance the additional capital expenditure for the new low-cost carrier terminal in Sepang (klia2).
Maybank Investment Bank Bhd and JPMorgan Securities (Malaysia) Sdn Bhd are joint placement agents for the exercise.