Green Packet plans right issue to raise RM52.6mil

PETALING JAYA: Green Packet Bhd has proposed to undertake a renounceable rights issue with warrants in an effort to raise RM52.6mil to expand its solutions and Internet of Things (IoT) business segment through the purchase of trade equipment.

The company’s rights issuance will see it issuing of up to 150,202,583 new shares on the basis of one rights share for every five existing Green Packet share held.