PETALING JAYA: Former CIMB Group Holdings Bhd
chairman Datuk Seri Nazir Razak (pic) is investing RM18mil in a durian plantation business by acquiring some placement shares in PLS Plantations Bhd.
In a filing with Bursa Malaysia, PLS said it has proposed to place out 19 million new shares to Nazir at 95 sen per share as part of its private placement exercise.
PLS said the proposed placement would enable the company to have Nazir onboard as a strategic investor.
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