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VIZIONE Warrants To be Overwhelmed by Massive Private Placement

The share price of Vizione Holdings Berhad hit a one-year high of 16.5 sen early this week as the company fixed the issue price for its private placement of up to RM1.69 billion shares at a placement price of 12.3 sen.  The placement is expected to raise a proceed of up to RM207.55 million with the bulk of the proceeds to be used to fund the acquisition of Wira Syukur (M) Sdn Bhd (WSSB).  The share price of Vizione closed at 15 sen on 20 September 2017.  Vizione has two company warrants, VIZIONE-WB and VIZIONE-WC which closed at 3.5 sen and 10 sen respectively on the same day.

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