On behalf of the Board of Directors of IHB ("Board"), Kenanga Investment Bank Berhad ("Kenanga IB") wishes to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of IHB (excluding treasury shares, if any), at an issue price to be determined later.

Trade with care for this counter because the last round when they announce an extra issuance of shares, one of the big shark just dump 19m of shares on the same week and it slides from 0.26 to 0.155 in the morning hours trade.