Jaya Tiasa eyes RM332mil from placement


PETALING JAYA: Timber producer Jaya Tiasa Holdings Bhd plans to raise RM332.15mil from a proposed share placement exercise, of which RM225.85mil will be used to build palm oil mills.

The company said in an announcement to Bursa Malaysia that the book-building exercise for the placement of 42.04 million shares, or 15% of its paid-up capital, had been completed.

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