TAP Resources Bhd intends to raise cash via a rights issue, bonds and borrowings to part finance its portion of the cost of setting up a liquefied natural gas (LNG) plant in Kota Kinabalu in which it would hold a 40% equity stake.
The company also had the first option to buy an additional 20% interest in the plant, Tap Resources chief executive officer Yee Ia Howe told StarBiz in an interview.
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