update...hit new low.gone case. dont want to focus on this stock anymore. should've focused onmy beloved ytl power... :(
“In the next two weeks the company will be pricing the rights based on a discount to the prevailing 5-day volume weighted average price,” said a dealer from a local brokerage.
Another dealer said investors were also concerned about the potential dilution from the rights offering.
“There are concerns that the rights issue may not be enough to resolve the company’s medium-term funding issue. And the market is still waiting for details on the rights offering, there are worries that the potential dilution could extend to 2010,” the second dealer said. - REUTERS
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TMI slides ahead of rights pricing
Published: 2009/03/02
SHARES of mobile telephone company TM International dropped as much as 9.27 per cent today as the company is expected to finalise the pricing of a rights offering in the next two weeks, dealers said.
The wider Bursa Malaysia main index fell 1.76 per cent by 11:51am while TM International was down 8.61 per cent at RM2.76.
TM International announced last week it
But the company has not yet decided on the basis of the rights issue and issue price for the rights shares.
Another dealer said investors were also concerned about the potential dilution from the rights offering.
“There are concerns that the rights issue may not be enough to resolve the company’s medium-term funding issue. And the market is still waiting for details on the rights offering, there are worries that the potential dilution could extend to 2010,” the second dealer said. - REUTERS
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