LBS Bina throws lifeline to VTI Vintage in RM13.43m plan

KUALA LUMPUR: Property developer LBS Bina Group Bhd is injecting RM13.43mil into loss-making VTI Vintage Bhd, which is undertaking a regularisation exercise.

LBS said on Monday it was subscribing for eight million new shares in VTI under a placement exercise for RM4mil or 50 sen each and another eight million new shares on the basis of one warrant for every two rights shares for RM4mil.