DNeX plans placement to raise RM642mil

The group said in a filing with Bursa Malaysia that the majority of the proceeds is intended for its future viable investments which include the financing of the proposed acquisition of Silterra from Khazanah Nasional Bhd, either in whole or in part, subject to the successful procurement of placees and implementation of the placement prior to completion of the acquisition.

PETALING JAYA: Dagang Nexchange Bhd (DNeX) has proposed a private placement to raise RM641.96mil for its future viable investments.

The group is planning to place 891.61 million new shares to raise the amount, based on an indicative issue price of 72 sen.