Damansara Holdings proposes private placement to raise RM14.76mil

KUALA LUMPUR: Damansara Holdings Bhd (DBHD) has proposed to undertake a private placement of its shares to raise an estimated RM14.76 million for working capital purposes.

In a filing with Bursa Malaysia, DBHD, formerly known as Damansara Realty Bhd, said the proposed private placement entails the issuance of up to 31.84 million new ordinary shares, representing up to 10 per cent of the total number of DBHD shares in issue.