PETALING JAYA: Konsortium Transnasional Bhd (KTB), which is controlled by Tan Sri Mohd Nadzmi Mohd Salleh, will be raising some RM60.42mil from a rights issue exercise that will be utilised for working capital within three months of receiving the proceeds.
In an announcement to Bursa Malaysia, KTB said it was proposing a renounceable rights issue of 604.2 million new ordinary shares of 10 sen each in KTB on the basis of three rights shares for every two ordinary shares of 10 sen each in KTB held on an entitlement date, after the completion of a proposed capital reduction.
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