Ekovest proposes RM202mil private placement as stock soars


KUALA LUMPUR: Ekovest Bhd has proposed to raise up to RM202.6mil by placing out as much as 256 million new shares to independent third party investors to be identified at a later date.

Proceeds from the exercise, Ekovest said in a filing with Bursa Malaysia today, will be utilised to reduce its debts and pay for property development projects.

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