Pharmaniaga submits appeal to Bursa to consider proposed private placement II

KUALA LUMPUR: Pharmaniaga Bhd has submitted an appeal to Bursa Malaysia Securities Bhd’s (Bursa Securities) on the latter’s decision not to consider the company’s additional listing application in relation to its proposed private placement II.

In a filing with Bursa Malaysia, Pharmaniaga said it had planned to place out 144.12 million new shares representing 10 per cent of the total issued shares of the company to Lembaga Tabung Angkatan Tentera (LTAT) at an issue price to be determined later.