PETALING JAYA: Construction outfit Benalec Holdings Bhd
plans to undertake a private placement exercise to raise funds primarily for its ongoing and future land reclamation projects.
In a filing with Bursa Malaysia yesterday, the company proposed to place out up to 112,221,000 new ordinary shares, representing up to 10% of its total number of issued shares. The issue price will be fixed upon receiving the approval of Bursa Malaysia.
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