Aemulus plans to raise funds

“Based on the indicative issue price of 43 sen per placement share, the proposed private placement is expected to raise gross proceeds of up to RM23.62mil, ” it said in a filing with Bursa Malaysia. (File pic shows Aemulus factory)

PETALING JAYA: Semiconductor test solutions firm Aemulus Holdings Bhd has proposed a private placement to raise up to RM23.62mil, which will mainly go towards new business investments, research and development (R&D) activities, and repayment of bank borrowings.

The private placement of up to 54.94 million new ordinary shares in Aemulus, representing 10% of the company’s total issued shares, would be at an issue price to be determined by the board later, it said.