Thursday, 4 July 2013

Bina Puri eyes RM44.1m via private offering

Bina Puri Holdings Bhd is expected to raise gross proceeds of between RM38.4m-RM44.1m from a private placement. The company plans to place out 44.1m new shares, or 30% of its enlarged paid-up, together with 88.2m free warrants. Under the minimum scenario, RM27.4m of the proceeds would be used for working capital while under the maximum scenario, the capital would be RM33m. (BT)

Source: CIMB Daybreak - 04 July 2013

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