Econpile raises RM41.2mil in a private placement


KUALA LUMPUR: Econpile Holdings Bhd has raised RM41.2 million in proceeds via a private placement exercise involving the issuance of 80 million new shares at an issue price of RM0.515 per share.

In a statement today, the piling and foundation specialist said the new shares would be listed on the Main Market of Bursa Malaysia Securities Bhd tomorrow.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Econpile , Private Placement

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read