Central Global proposes private placement of up to 18 million new shares

Central Global's factory in Sungai Petani, Kedah

KUALA LUMPUR: Central Global Bhd (CGB) has proposed a private placement of up to 18 million new shares representing not more than 20% of its total number of issued shares to qualified third-party investors to be identified at a later date.

In a statement Tuesday, CGB said the proposed placement may be implemented in several tranches within six months from the date of approval from Bursa Malaysia Securities.