Protasco Bhd group managing director Datuk Ir Chong Ket Pen did not reveal details on the impending exercise but confirmed that the company was looking to raise funds via a private placement.
KUALA LUMPUR: Protasco Bhd
, which has seen sterling share price performance year-to-date, intends to raise close to RM100mil via a private placement.
Sources said the exercise would be done at a price of at least RM1.95 per share with some 50 million shares placed out to investors.
