OSK Technology Ventures Sdn Bhd subscribed for 10.81 million shares of Green Packet Bhd at 70 sen each under a private placement exercise. A filing with Bursa Malaysia showed OSK Tech Ventures’ shareholding in Green Packet increased to 64.14 million shares of 16.23% after the acquisition of the stake.
Another filing showed Green Packet Holdings Ltd has subscribed for 22.84 million Green Packet shares also at 70 sen each under the private placement exercise. After the subscription, its direct shareholding rose too 134.42 million shares or 34.26%.
Green Packet had proposed a private placement of up to 70.43 million new shares of 20 sen each, representing 20% of the paid-up share capital. The board had fixed the issue price of 70 sen per placement share for the first and final tranche of the proposed private placement comprising of 66.65 million placement shares.
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