Majuperak group CEO Nizran Noordin said the funds raised from the share placement would provide additional working capital quickly.
KUALA LUMPUR: Property company Majuperak Holdings Bhd
plans to raise RM20.96mil from placing out its shares as it seeks to boost its operations and explore new opportunities.
Under this corporate exercise, it planned to issue up to 56.66 million new shares, not more than 20% of its issued shares. This is based on an indicative issue price of 37 sen per share.
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