Borneo Oil to raise RM53.57mil to acquire 30.73% stake in Makin Teguh

KUALA LUMPUR: Borneo Oil Bhd (Bornoil) has proposed a private placement to raise as much as RM53.57 million mainly to pay for the acquisition of a 30.73 per cent stake in Makin Teguh Sdn Bhd (MTSB).

MTSB is involved in the manufacturing and trading of clinker, cement and related products.

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Borneo Oil , acquisition , private placement , diversification , MTSB

   

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