HEB plans to raise up to RM52mil

KUALA LUMPUR: HSS Engineering Bhd (HEB) expects to raise gross proceeds of up to RM51.57mil from a proposed private placement.

In a filing with Bursa Malaysia, the engineering consultancy firm said the proposed private placement of up to 49.59 million shares in the company, represented up to 10% of the total issued and paid-up share capital based on the indicative issue price of RM1.04 per placement share. — Bernama