Bina Puri plans rights issue to fund existing projects


Bina Puri said in a filing with Bursa Malaysa that it would use up to RM27mil to fund its existing property development and construction projects.

PETALING JAYA: Bina Puri Holdings Bhd has proposed to undertake a renounceable rights issue with warrants in an effort to raise RM39.54mil to primarily fund its existing property development and construction projects.

The construction and property firm said the proposed rights issuance would see it issuing up to 439.35 million new shares.

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