最新消息MIDAS’ SHARE PLACEMENT MEETS WITH OVERWHELMING RESPONSE; S$90.6 MILLION RAISED TO FUND EXPANSION PLANS - Net proceeds to be used mainly for the expansion of aluminium alloy production capacity; - Poised to capture growing business opportunities in the PRC and global railway market Singapore, July 16, 2009 The placement received strong demand from investors, including tier one global funds, long and hedge funds and support from existing shareholders. Midas had earlier announced that it had entered into a placement agreement ("Placement Agreement") with DBS Bank Ltd. ("DBS") to place out up to 100 million ordinary shares ("Shares"), with an option to place out up to an additional 20 million Shares (the "Upsize Option"). In view of the strong support received from institutional investors and book several times covered, DBS exercised the Upsize Option in full and placed out all 120 million Placement Shares at S$0.755 each. The placement price per share is S$0.755, being a discount of approximately (more...)