Reaching out for financing


Reach

PETALING JAYA: Reach Energy Bhd has decided to call off its private placement exercise and is likely to gear up as it explores funding avenues to raise some RM180mil.

For now, Reach Energy still has zero gearing and does not require any external funding for its operational expenditure for its oil field in Kazakhstan.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

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 , Reach , energy , placement , oil , gas , stocks , shares , Emir ,

   

Next In Business News

Censof to continue meeting evolving digitalisation needs
Berjaya Corp sells 4.14% stake in REDtone for RM29.76mil
OMH’s Sarawak smelter complex sustains minimal damage
Bright Meadow to acquire 59.88% stake in Mercury Industries for RM34.65mil
Johor Corp gets RM30.99mil integrated sustainable palm oil complex job
Ringgit slips against US dollar at the close
Master Tec 3Q revenue hits record high, declares 0.18 sen dividend
Nestcon bags RM31.6mil civil works contract
AWC bags RM48.57mil facilities management contract
Perak Transit explores new growth avenues

Others Also Read