... underwriter and placement agent for Ranhill Utilities Berhad was Alliance Merchant Bank. The public issue of 77,000,000 Ranhill Utilities new shares will be offered in the following manner: 1. Public issue available for applicant by Malaysian Public at RM2.50 per share. a) 9,000,000 shares have been reserved for Directors, key management staff and eligible employees. b) 8,000,000 shares have been reserved for a total of 7522,832 consumers of SAJ Holding Sdn Bhd (Ranhill subsidiary). c) 8,000,000 will be available for applicant by Malaysian citizens, companies, societies, co-operatives and institutions. 2. 52,000,000 shares will be placed out to Malaysian and foreign investors by the Placement Agent. All the 16,000,000 shares under paragraphs (b) and (c) above have been fully underwritten at an underwriting commission of 2.0% of the issue price of RM2.50 per share. The stock valuation method The Public Issue Price of RM2.50 was determined using Discounted Cash Flow (DCF) method of valuation as agreed by Ranhill ...

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