Muhibbah Engineering aims to raise up to RM128.46mil from rights issue

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has proposed to undertake a renounceable rights issue of up to 256.91 million rights shares on the basis of one rights share for every two existing Muhibbah Engineering shares on an entitlement date to be determined later.

The group said in a bourse filing it aims to raise between RM25.13mil and RM128.46mil from the proposed right issue.