Global Oriental hopes to raise RM113.7mil via rights issue

PETALING JAYA: Datuk Desmond Lim Siew Choon-linked Global Oriental Bhd, formerly Equine Capital Bhd, has called for a rights issue to possibly raise RM113.67mil for working capital and to pare down some of its debt.

The firm told Bursa Malaysia in a filing yesterday that the exercise came with a par value reduction of 50 sen per RM1 share.