Magma receives go-ahead to raise RM100mil

PETALING JAYA: Magma Group Bhd has received the green light from shareholders at its EGM for its proposed issuance of redeemable convertible notes (RCN) aimed at raising up to RM100mil.

It said the move is expected to strengthen Magma’s financial standing and support the company’s long-term growth objectives across its core business segments.