SP Setia fixes new share price at RM3.10

KUALA LUMPUR: SP Setia Bhd has fixed the price of its new shares to be issued in relation to third dividend reinvestment plan at RM3.10 a piece. SP Setia said the issue price was computed based on its shares' five-day volume weighted average market price (VWAMP) up to, including April 22 of RM3.50. The price has been adjusted for its final dividend of 5.7 sen to the five-day VWAMP and given a further discount of 34 sen.