GFM proposes private placement to raise up to RM21mil

PETALING JAYA: GFM Services Bhd has proposed to undertake a private placement of up to 10% of its issued share capital to raise up to RM20.7mil.

The ACE Market-listed facilities management services provider said the proceeds raised would be used to part-finance its acquisition of KP Mukah Development Sdn Bhd (KPMD).