HELP International Corp Bhd is planning a corporate exercise, likely a rights issue or share placement to raise funds for the construction of its new university campus in Subang Jaya according to sources familiar with the company. HELP has a 23-acre parcel of land in Subang Jaya purchased at end-2009 for RM20m.
- The tract will house the HELP International School and the Subang 2 university campus. Construction has already started, The building costs are expected at RM40m and for the Subang 2 campus, RM150m With the new campus the group aims to increase the student base to 20,000. (Financial Daily)
Source: CIMB Daybreak - 08 July 2013