Ivory Properties booth at a Star Property Fair
KUALA LUMPUR: Ivory Properties Group Bhd
plans to raise about RM14.21mil in a proposed private placement of up to 20% of the total number of issued shares in the company.
Based on the indicative issue price 14.5 sen per placement share, the gross proceeds from the proposed private placement to third-party investor(s) to be identified later and at an issue price to be determined later are intended to for repayment of bank borrowings, working capital and other estimated expenses.
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