Serba Dinamik raises RM508.6m from new shares placement

As part of the private placement, Serba Dinamik said it would issue 56.29 million shares or 1.7% of the existing total number of issued shares, to Datuk Dr Mohd Abdul Karim Abdullah Karim.

KUALA LUMPUR: Serba Dinamik Bhd raised RM508.61mil from the issuance of 336.83 million new shares following strong interest from funds.

It said on Friday the proposed private placement attracted demand from both local and foreign institutional investors, with the order book being oversubscribed by approximately 1.85 times.