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I think it will be a good new....
(Page 2) ..... the placement share will only be placed to independent 3rd-party Bumiputera investors.
(Page 3) Among the projects available for tender, some of the projects require higher percentage of Bumiputera Shareholders.... alow the Group to participate in more projects....
the pp is mainly to increase the chances of getting projects. NIIS or VLN. but this will still dilute the eps. so the next qr on this month is very crucial.
From my views there will be a big investors coming in 10% of Sheres PP must be a reason? Raise fund is 1 thing wait for ne announcement of who brought PP.
