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Mitrajaya aims to raise up to RM107mil via rights issue


KUALA LUMPUR: Mitrajaya Holdings Bhd targets to raise up to RM107.09mil through a rights issue, virtually all of which will be used to repay its bank borrowings.

In a filing with Bursa Malaysia, the building and road construction company proposed a 1-for-5 renounceable rights issue of up to 157.48 million shares together with Warrants E and bonus issue on the basis of a warrant and a bonus share for every two rights shares subscribed.

   

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