Pharmaniaga plans to raise up to RM655mil

The company’s proposed regularisation plan entails capital reduction, rights issue with warrants and private placement.

PETALING JAYA: Pharmaniaga Bhd plans to raise up to RM655mil to bolster its financial position and exit its Practice Note 17 (PN17) status.

The company’s proposed regularisation plan entailed the proposed capital reduction, rights issue with warrants and private placement.