In a filing with Bursa Malaysia, the company proposed to place out up to 291.35 million new shares, representing up to 30% of Vortex’ share base, together with up to 145.67 million detachable warrants on the basis of one placement warrant for every two placement shares subscribed for.
KUALA LUMPUR: Vortex Consolidated Bhd is looking to raise about RM33.8mil through a proposed private placement of shares with warrants to fund its property development project called The Louvre.
In a filing with Bursa Malaysia, the company proposed to place out up to 291.35 million new shares, representing up to 30% of Vortex’ share base, together with up to 145.67 million detachable warrants on the basis of one placement warrant for every two placement shares subscribed for.
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