KUCHING: Naim Holdings Bhd
targets to raise up to RM159.9mil from a proposed rights issue, with the proceeds mainly to be utilised to fund residential property projects.
The Sarawak property developer has proposed to undertake a renounceable rights issue of up to 355,416,000 new ordinary shares at an issue price of 45 sen a piece on the basis of three rights shares for every two existing shares.
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