Cypark Resources (KLSE:CYPARK) fixed the issue price for the first tranche of its private placement at 0.61 ringgit per share, according to a Friday Malaysian bourse filing.
The renewable energy and green technology company proposed a private placement of up to 10% of its total shares to third-party investors
The price represents a 5.26% discount to the five-day volume-weighted average market price, up to Aug. 6, it said.