PETALING JAYA: Construction outfit Benalec Holdings Bhd
plans to undertake a private placement exercise to raise funds primarily for its ongoing and future land reclamation projects.
In a filing with Bursa Malaysia yesterday, the company proposed to place out up to 112,221,000 new ordinary shares, representing up to 10% of its total number of issued shares. The issue price will be fixed upon receiving the approval of Bursa Malaysia.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
