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PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL |
| Type | : | Announcement | | Subject | : | NEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY
("PROPOSED PRIVATE PLACEMENT") | Contents :
Further to the announcements dated 14 March 2006, 27 March 2006 and 22 August 2006 in relation to the Proposed Private Placement, on behalf of the Board of Directors of Nextnation, Public Merchant Bank Berhad wishes to announce that the issue price for the balance of 10,000,000 new ordinary shares of RM0.10 each in the Company ("Placement Shares") to be issued pursuant to the Proposed Private Placement has been fixed at RM0.58 per Placement Share, which represents a discount of approximately 3.3% from the five (5)-day weighted average market price of Nextnation's ordinary shares up to and including 8 September 2006 of RM0.60.
This announcement is dated 12 September 2006.
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