Mudajaya plans private placement to raise up to RM75mil

Mudajaya's expertise is also in power plants

PETALING JAYA: Mudajaya Group Bhd has proposed to undertake a private placement of up to 10% of its total share base to third-party investors that will be identified at a later time.

The construction engineering company said in a Bursa Malaysia announcement that the placement exercise is expected to raise up to RM75.45mil in a maximum scenario, and at least RM67.30mil in a minimum scenario situation.