KUALA LUMPUR: Hengyuan Refining Company Bhd
has raised RM234mil in gross proceeds from its rights issue exercise, which was oversubscribed by 122.88%.
The refining and manufacturing of petroleum products company said in a statement yesterday that it received valid acceptances and excess applications for a total of 368.64 million rights shares as at the close of the exercise on Oct 17, 2025. — Bernama
