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Ringgit 13 M proceeds for Daya from Mesdaq listing.

Asia Africa Intelligence Wire

| July 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Chemical Business NewsBase - The Star (Malaysia))

Daya Materials Bhd (Daya) expects to raise Ringgit 13.09 M from its listing on the Mesdaq market in Aug 2005. The proceeds would be used for research and development (R&D), expansion of production capabilities and selective market expansion activities. The listing involves an offer of 56.89 M shares of 10 Sen each at an issue price of 23 Sen/share. The company plans to allot 3 M shares to the public, 4 M for ...

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