M&A Securities and Newparadigm back Siab’s acquisition of Taghill with rights issue

From left: Taghill Group deputy managing director Vincent YH Chu, Taghill Group executive director Yap Kek Siung, Siab Holdings Bhd group managing director Ng Wai Hoe, M & A Securities managing director of corporate finance Datuk Bill Tan, NewParadigm Securities executive director/ group CEO Charanjeev Singh and Taghill Group founder and managing director Wong Yih Ming.

KUALA LUMPUR: Siab Holdings Bhd has announced its plans to raise approximately RM103.98mil through private placement, of which RM12mil has been completed on Dec 28, 2023, and rights issue with warrants.

In a statement, Siab said these funds would be used to finance the acquisition of Taghill Projects Sdn Bhd.