Green Packet to undertake private placement

Green Packet group managing director and CEO CC Puan

PETALING JAYA: Green Packet Bhd has proposed to undertake a private placement to raise up to RM85.2mil to finance future investments and working capital.

In its filing with Bursa Malaysia, the telecoms and technology company said the exercise would entail an issuance of up to 135.2 million new shares, representing up to 10% of the total number of issued shares of Green Packet.