HLT Global puts forward private placement idea

In its filing with Bursa Malaysia, the company revealed that the bulk of the proceeds raised from the proposed exercise would be used to part-finance HLT’s business expansion plan to increase its production capacity.

PETALING JAYA: HLT GLobal Bhd has proposed to undertake a private placement of up to 20% of its issued shares to raise up to RM76.84mil.

In its filing with Bursa Malaysia, the company revealed that the bulk of the proceeds raised from the proposed exercise would be used to part-finance HLT’s business expansion plan to increase its production capacity.