YB Ventures plans to raise up to RM146mil

In a filing with Bursa Malaysia yesterday, the company said the proposed private placement would be to install a rooftop solar photovoltaic (PV) system at its factory building and warehouse in Kulai, Johor Bahru, future viable investments, and working capita

KUALA LUMPUR: Tiles manufacturer and information technology (IT) company YB Ventures Bhd has proposed to undertake a private placement of up to 20% of its total number of issued shares to raise between RM21.1mil and RM145.9mil.

In a filing with Bursa Malaysia yesterday, the company said the proposed private placement would be to install a rooftop solar photovoltaic (PV) system at its factory building and warehouse in Kulai, Johor Bahru, future viable investments, and working capital.