KUALA LUMPUR: Tanco Holdings Bhd
signed the term sheet for the proposed RM100 million redeemable preference shares (RPS) subscription by the Social Security Organisation (PERKESO).
In a filing with Bursa Malaysia today, Tanco said the issuance of one hundred million RPS was priced at RM1 each and the issuance intended for the company to raise funds for, among others; working capital requirements, investments and targeted expansion of the companies within Tanco and its subsidiaries.
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