Kanger to raise RM68.88m with vaccine in mind

Kanger International said in a filing with Bursa Malaysia that in the event of a successful placement, it intended to allocate up to RM34.38mil (under the maximum scenario) for a potential investment into the healthcare industry, involving the distribution of a potential Covid-19 vaccine.

PETALING JAYA: Kanger International Bhd has proposed a private placement to raise up to RM68.88mil.

The company said in a filing with Bursa Malaysia that in the event of a successful placement, it intended to allocate up to RM34.38mil (under the maximum scenario) for a potential investment into the healthcare industry, involving the distribution of a potential Covid-19 vaccine.