Global Oriental hopes to raise RM113.7mil via rights issue


PETALING JAYA: Datuk Desmond Lim Siew Choon-linked Global Oriental Bhd, formerly Equine Capital Bhd, has called for a rights issue to possibly raise RM113.67mil for working capital and to pare down some of its debt.

The firm told Bursa Malaysia in a filing yesterday that the exercise came with a par value reduction of 50 sen per RM1 share.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , global oriental

   

Next In Business News

Malaysia, New Zealand committed on having 'scoping exercise' to strengthen FTA
MSC posts RM14mil net profit in third quarter
Bahvest proposes name change to Aumas Resources
Strong 3Q GDP puts Malaysia on track for 4.8 -5.3% growth in 2024
Cypark's floating solar farm in Kelantan approved for operations
Ringgit stages rebound to close firmer vs US dollar
Betamek posts 84.5% profit jump in 2Q25, remains optimistic for FY25
Mudajaya wins RM41.34mil construction contract in Kuching
Sunmow enters joint venture to develop 157-acre land in Kinabatangan, Sabah
Sime Darby unveils new brand identity

Others Also Read