Kinergy Advancement (KLSE:KAB) fixed the issue price for the second tranche of up to 31.1 million placement shares at 0.3300 ringgit per share, according to a Friday Malaysian boursr filing.

hare. The issue price represents a discount of 4.29% to the five-day volume-weighted average price of company shares up to and including Dec. 12.

The electrical services provider proposed a private placement of up to 10% of its issued shares.