Newsroom

News

Proposed placement of up to 12,171,428 new ordinary shares of RM0.50 each in FMH, representing up to 10% of the enlarged issued and paid-up share capital of FMH ("Proposed Placement")

BackApr 20, 2009
General Announcement
Reference No MI-090420-61941

 

Submitting Merchant Bank
:
 RHB INVESTMENT BANK BERHAD
Company Name
:
 FREIGHT MANAGEMENT HOLDINGS BERHAD
Stock Name
:
 FREIGHT
Date Announced
:
 20/04/2009


Type
:
 Announcement
Subject
:
FREIGHT MANAGEMENT HOLDINGS BHD (“FMH” or “Company”)

Proposed placement of up to 12,171,428 new ordinary shares of RM0.50 each in FMH, representing up to 10% of the enlarged issued and paid-up share capital of FMH (“Proposed Placement”)

Contents
:
Reference is made to the announcement dated 30 March 2009 on the Proposed Placement.

On behalf of the Board of Directors of FMH, RHB Investment Bank Berhad wishes to announce that the Securities Commission has, vide its letter dated 17 April 2009, rejected the Company’s application for an extension of time of up to 12 October 2009 to implement the Proposed Placement.

In view that the implementation of the Proposed Placement is not feasible due to unfavorable current market condition, the Company has resolved to abort the Proposed Placement.

This announcement is dated 20 April 2009.