Formosa fund in placement

PUBLISHED : Friday, 03 December, 1993, 12:00am
UPDATED : Friday, 03 December, 1993, 12:00am

THE Formosa Growth Fund has made a US$4.6 million private placement with independent professional and institutional investors.


It placed 414,000 redeemable ordinary shares - 11 per cent of existing ordinary share capital - at $11.12 each, a three per cent premium over the net asset value.