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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!