PETALING JAYA: Key Alliance Group Bhd has emerged as a substantial shareholder of XOX Bhd through the subscription of 99.3 million placement shares equivalent to a 9.09% stake for RM4.64 million or 4.67 sen per share.
Key Alliance told Bursa Malaysia the placement price represents a 9.85% discount to the five-day volume weighted average price of XOX shares of 5.18 sen.