Cape EMS raises RM73.83mil

PETALING JAYA: Cape EMS Bhd has raised RM73.83mil via a private placement exercise involving 69 million of the company’s shares.

The company has proposed to acquire US-based electronic manufacturing services company iConn Inc for US$16.5mil to strengthen its presence in the US market.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
CapeEMS , PrivatePlacement , CapitalRaising , Acquisition , USMarket , IPO , iConnInc

Next In Business News
YTL’s Francis Yeoh, Eu Yan Sang’s Anne Eu receive lifetime achievement awards in London
Doubts over Viet reform drive
Leadership exodus tests Malaysia’s digital banks
Capitalising on the tourism momentum
South African beauty market gets makeover
Navigating Fed uncertainty
Indonesia MSCI alert sends ripples to Malaysia
Chinese tea chains pour into US
Blazing a trail for fire safety
Bond buys fall flat

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.