PETALING JAYA: Bintai Kinden Corp
Bhd’s issuance of 24.8 million redeemable convertible preference shares (RCPS) at 10 sen per share, has been subscribed by boutique fund management company OUD Asset Management Sdn Bhd.
In a Bursa Malaysia filing, the mechanical and electrical engineering services group said it had on April 5, 2022 received the subscription notices accepted by OUD for the RCPS subscription, as per the agreement on April 28, 2021 and supplemental agreement on July 29, 2021 on the issuance of up to 190.95 million 4% non-cumulative RCPS by Bintai Kinden.
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