MyEG has plans for private placement

PETALING JAYA: MyEG Services Bhd (MyEG) has proposed to undertake a private placement to raise up to RM309mil for the development of blockchain products and services; healthcare-related services and technology; and automated driving tests and training systems and the purchase of hardware.

In its filing with Bursa Malaysia, the company said the proposed exercise would entail a placement of up to 4.17% of its total number of issued shares to third party investors that would be identified later at an issue price to be determined later.