KUALA LUMPUR: Dagang Nexchange Bhd
(DNeX) is planning to raise as much as RM109mil by selling new shares, with the bulk of the proceeds earmarked for new investment.
DNeX, in a filing with Bursa Malaysia today, has proposed to issue up to 496 million new shares, or 20% of the company's enlarged share capital, via a private placement exercise.
The indicative issue price was assumed at 22 sen per share.
DNeX said the actual number of shares to be issued via the proposed private placement exercise will depend on the group's total number of issued shares on a date to be determined later.
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