Press Metal aims to raise RM1bil via placement shares

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd (PMAH) aims to raise RM1 billion via a proposed placement of up to 163.39 million new shares.

In a filing with Bursa Malaysia today, it said the proposed placement represents 2.0 per cent of the total issued PMAH shares, and the issue price will be determined and announced later.