According to KSH, these treasury shares were all accumulated over years of share buybacks.
At 30.5 cents, the shares were a discount of 6.44% to the volume-weighted average price of 32.6 cents for trades done on Aug 20.
“The interest from institutional funds and individual investors for this placement demonstrates confidence in KSH’s long-term prospects," says executive chairman and managing director Choo Chee Onn.
"We appreciate the unwavering support from our shareholders as we pursue long-term growth," he adds.
See also: GKE renews lease of property with JTC, to deploy funds raised from recent placement
Evolve Capital Advisory and Maybank Securities were the placement and sub-placement agent respectively.
KSH Holdings closed at 37 cents on Aug 21, up 10.61% for the day and up 73.81% year to date.
