PETALING JAYA: Avillion Bhd has fixed the issue price for the second tranche of its private placement exercise at 12 sen per placement share, allowing it to raise a maximum of RM15.2mil in cash.

       The group told Bursa Malaysia that the issue price represents a discount of about 7.62% to the five-day volume weighted average price of Avillion shares up to and including Aug 6.

       Up to 126.67 million shares will be placed out under the second tranche.

       On June 4, Avillion announced that up to 188.88 million placement shares will be issued under the first tranche.