<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 7): Kronologi Asia Bhd has fixed the price of the shares to be issued under its private placement exercise at 79 sen apiece.</p></div>

<div class=newsTextDataWrapInner><p>This represents a discount of about 2.98% to the five-day volume weighted average market price of Kronologi Asia shares up to Aug 4, the company said in a filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>On May 29, Kronologi Asia announced that it intends to raise up to RM12.7 million by placing out some 27 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At 79 sen each, the company is expected to raise gross proceeds of RM21.36 million if all the placement shares are placed out.</p></div>

<div class=newsTextDataWrapInner><p>The company said it will use the bulk of the proceeds to repay its transnational infrastructure equipment, future business expansion, working capital and estimated expenses in relation to the proposed private placement.</p></div>

<div class=newsTextDataWrapInner><p>Kronologi shares closed up three sen or 3.53% at 88 sen today, for a market capitalisation of RM237.93 million. Over the past 12 months, the stock has risen by more than four times from 21.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>The counter saw 31.2 million shares changing hands today, making it the eighth most active stock on Bursa Malaysia.</p></div>

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KUALA LUMPUR (Aug 7): Kronologi Asia Bhd has fixed the price of the shares to be issued under its private placement exercise at 79 sen apiece.

This represents a discount of about 2.98% to the five-day volume weighted average market price of Kronologi Asia shares up to Aug 4, the company...

Kronologi Asia fixes private placement shares at 79 sen each

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Prime Minister Datuk Seri Anwar Ibrahim on Saturday disclosed that a global investor plans to invest US$50 billion (RM204 billion) in the artificial intelligence (AI), new technology and data centre sectors in Sarawak and Peninsular Malaysia.

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<p>Indonesia cut exports of natural gas to Singapore on Saturday to prioritise domestic demand, an official said, with the two countries at loggerheads over&nbsp;regional air pollution emanating from wildfires on the vast archipelago.</p>


<p>Barisan Nasional (BN) will stick to its agreement to allocate seven seats it is not contesting to Perikatan Nasional (PN) for the Melaka state election, despite attempts to secure additional seats.</p>


<p>Barisan Nasional (BN) will contest 21 of the 28 seats in the upcoming Melaka state polls, retaining its three key leaders as candidates, including caretaker Chief Minister Datuk Seri Ab Rauf Yusoh.</p>


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<p>The government plans to establish Veterans' Day to honour&nbsp;the service and sacrifice of Malaysian Armed Forces (MAF) veterans.</p>
