HB Global plans RTO or rights issue


PETALING JAYA: China-based frozen food maker HB Global Ltd could see new injection of funds and/or new businesses into the company via a reverse takeover (RTO) or a rights issue.

The company said in a filing with Bursa Malaysia yesterday that together with its advisers, it is in the midst of procuring and assessing suitable investors to inject new capital and/or new businesses into the group.

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Business , Automotive , frozen

   

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