December 2, 2009

Mah Sing fixes placement issue price at RM1.55 per share

KUALA LUMPUR: MAH SING GROUP BHD [] has fixed the issue price of its proposed private placement at RM1.55 per share.

Mah Sing said today the issue price represented a 9.9% discount to the volume-weighted average market price for the five market days immediately preceding Dec 1, 2009 of RM1.72.

The proposed placement will not exceed 10% of its paid-up capital.

Fund Price

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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