Cheetah invests in IT firm Lambo


Cheetah Holdings T-shirt

PETALING JAYA: Garment retailer Cheetah Holdings Bhd has subscribed to a total of 239.50 million rights issue of ordinary shares, with 95.80 million free detachable warrants, in Lambo Group Bhd for a total cash consideration of RM23.95mil.

The subscription via its wholly-owned subsidiary Cheetah Marketing Sdn Bhd was funded by internally generated funds.

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