Fintec's fund raising to invest in PPE business

Fintec wants to invest in the healthcare equipment business, particularly in the personal protective equipment (PPE) segment involving masks, gloves and face shields, among others.

PETALING JAYA: Fintec Global Bhd has proposed to place out new shares to raise funding for working capital and its investment into healthcare equipment business, particularly in the personal protective equipment (PPE) segment involving masks, gloves and face shields, among others.

The private placement exercise seeks to issue up to 282.14 million new shares, representing 30% of the group’s total issued shares, to third party investors at an issue price to be identified later.