KUALA LUMPUR: Flonic Hi-Tec Bhd plans to raise up to RM36.743mil in proceeds via the issuance of 524.9 million new ordinary shares together with 349.94 million free detachable warrants.
In a filing with Bursa Malaysia, it said the proceeds would be utilised to finance its acquisition of a 21% stake in Jiwa Holdings Sdn Bhd for RM2.6mil. The rest is for capital expenditure of between RM6.78mil and RM33.52mil and other expenditures. – Bernama
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!
