D&O plans to raise RM205m via proposed placement

KUALA LUMPUR: D&O Green Technologies Bhd has proposed a placement of up to 3.2 per cent of its issued shares to raise about RM205.2 million for its capital expenditure.

In a filing to Bursa Malaysia, it said the proposed placement involved the issuance of up to 38.5 million new ordinary shares at a price to be determined and announced later, to third party investors to be identified later.