Eco World to place out RM1.37b new shares, plans rights issue (Update)


KUALA LUMPUR: Eco World Development Group Bhd plans to issue 806.84 million new shares to raise RM1.37bil and a rights issue to raise RM788mil as its increases in landbank and gross development value (GDV).

It announced the issuance of new shares, rights issue and move to expand its landbank would be the core of its corporate exercise.

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