Gadang proposes private placement to raise RM62mil


  • Business
  • Thursday, 09 May 2019

The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

PETALING JAYA: Gadang Holdings Bhd has proposed to undertake a private placement of new ordinary shares to raise up to RM62.12mil for construction project expenditure and the repayment of bank borrowings.

The construction company said in its filing with Bursa Malaysia yesterday that the issue price of the placement shares would be determined and fixed at a later date.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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