The share price of International Hotel Investments plc advanced by 10.8% to the 82c level on volumes of over 36,000 shares following yesterday's announcement related to developments regarding the possible new equity injection.
IHI explained that since the prevailing challenging economic conditions of financial markets impede it to successfully raise new equity capital through a public offering, IHI will be inviting a number of potential investors consisting primarily of sovereign funds and other institutions, to participate in the subscription of new shares through a private placement.
The bounce in IHI's equity offset other negative performing equities to help the MSE Share Index rise by 1.2% to a fresh four-week high of 2,962.576 points.
Meanwhile, HSBC Bank Malta plc's share price retreated by 0.8% back to its 2012 low of €2.50 across four trades totalling 15,240 shares.
GO plc also plunged 6.3% to its all-time low of 75c on volumes of 13,000 shares. The quad-play telecom operator is scheduled to hold its annual general meeting on May 9 during which shareholders will be asked to approve the customary resolutions as well as a number of special resolutions as put forward by some...
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