Bina Puri to place out 30% of enlarged paid-up, raise RM44.1m

KUALA LUMPUR: Bina Puri Holdings Bhd plans to place out 44.10 million new shares - which will be 30% of its enlarged paid-up - with 88.21 million free warrants.

The company said on Friday based on the issue price of RM1 per placement share, it was expected to raise gross proceeds of between RM38.43mil and RM44.11mil.