Bina Puri plans private placement

The construction company said the exercise would involve up to 10% of its total number of issued shares, or 143.11 million shares that would be issued to independent third-party investors to be identified later and at an issue price to be determined later

PETALING JAYA: Bina Puri Holdings Bhd has proposed to undertake a private placement to raise up to RM7.74mil to finance its working capital.

The construction company said the exercise would involve up to 10% of its total number of issued shares, or 143.11 million shares that would be issued to independent third-party investors to be identified later and at an issue price to be determined later