Siab proposes private placement, rights issue, acquisition of Taghill

KUALA LUMPUR: Siab Holdings Bhd has proposed a private placement, a rights issue with warrants and the acquisition of 100 per cent in Taghill Projects Sdn Bhd.

The company said the private placement would involve100 million new ordinary shares representing 20.42 per cent of the existing issued shares to independent investor(s) to be identified, and at an issue price to be determined later.