PETALING JAYA: QES Group Bhd
has proposed a private placement of 83.3 million new shares, representing 10% of its issued share capital (excluding treasury shares), to Ray Tech Singapore Pte Ltd (RTS), a wholly-owned subsidiary of Shanghai Stock Exchange-listed Unicomp, at 53 sen per share.
The issuance, valued at about RM44.1mil, will be satisfied in cash and is subject to shareholder approval at an extraordinary general meeting, Bursa Malaysia’s approval for listing, and regulatory clearance from Chinese authorities.
