Ideal Sun City expects to raise up to RM21mil from placement


PETALING JAYA: Ideal Sun City Holdings Bhd expects to raise up to RM21.23mil from its proposed placement of up to 42.45 million new shares.

The company told Bursa Malaysia that based on an indicative issue price of 50 sen per share, it expected to raise gross proceeds of up to RM21.23mil, which it would use to purchase investment properties on Penang island.

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