Asian Pac makes cash call to expand land bank

(From left) Asian Pac Holdings sales and marketing head Marco Goh and its sales manager Andrew Pui showing a model of the Dataran Larkin II commercial hub, which is slated for completion by first quarter of next year.

KUALA LUMPUR: Property developer Asian Pac Holdings Bhd has proposed a renounceable rights issue with free detachable warrants to raise up to RM99.26mil, which will mainly be used to expand its land bank further.