Perisai plans placement

KUALA LUMPUR: Perisai Petroleum Teknologi Bhd expects to raise gross proceeds of RM165.9mil from its proposed private placement based on the indicative issue price of RM1.53 apiece.

Perisai said the placement entailed the issuance of up to 108.42 million new shares representing up to 10% of the existing issued and paid-up capital. “The issue price will be determined and announced at a later date,” it said.