DNex proposes private placement

TheStar Wed, Jul 29, 2020 08:50am - 3 years View Original


In its stock filings with Bursa Malaysia, the company said the issuance of placement shares would be to third party investor to be identified later at an issue price to be determined later

PETALING JAYA: Dagang Nexchange Bhd (DNex) has proposed to undertake a private placement of up to 20% of the total number of issued shares to raise up to RM109.1mil for future investment, partial repayment of bank borrowings and working capital.

In its stock filings with Bursa Malaysia, the company said the issuance of placement shares would be to third party investor to be identified later at an issue price to be determined later.

As at July 15,2020, being the latest practicable date prior to the date of this announcement (LPD), the total issued share capital of DNex was RM354.3mil, comprising 1.76 billion shares.

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