In a statement, MHB said it plans to issue up to 56.66 million new shares, representing not more than 20% of its total number of issued shares, with an indicative issue price of 37 sen per share.
KUALA LUMPUR: Property developer Majuperak Holdings Bhd
(MHB) aims to raise up to RM20.96mil via a proposed private placement exercise to raise funds for capital expenditure purposes, repayment of bank borrowings and for a facility management project.
In a statement, MHB said it plans to issue up to 56.66 million new shares, representing not more than 20% of its total number of issued shares, with an indicative issue price of 37 sen per share.
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