T7 Global chairman Datuk Seri Nik Norzrul Thani Nik Hassan Thani said the fund raising via the placement was necessary due to the substantial capital required by end of this year.
KUALA LUMPUR: Oil and gas service provider T7 Global Bhd
has proposed to raise up to RM42mil via a private placement to partially fund its three on-going projects.
T7 Global said on Wednesday it plans to issue up to 117 million new shares or 20% of the total issued shares to third party investor or investors.
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