KUALA LUMPUR (May 6): RGB International Bhd has fixed the issue price of its private placement shares at 15.4 sen per placement share.

The issue price represents a discount of 9.94% to the five-day volume weighted average market price of RGB shares up to and including May 5, 2015, being the last market day prior to the price fixing date, of 17.1 sen per RGB share, the group's filing to Bursa Malaysia today showed.

On April 10, 2015, the electronics gaming manufacturer had proposed to undertake a private placement of up to 10% or 123.23 million shares of its issued share capital to investors to be identified at a later date.

Proceeds from the proposed placement will be used to purchase gaming machines as well as to repay debts within 12 months from receiving the proceeds.

RGB (fundamental: 1.7; valuation: 1.2) shares closed up 3.03% at 17 sen today, bringing it a market capitalisation of RM201.19 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)