KUALA LUMPUR: Silver Ridge Holdings Bhd
has proposed to diversify into the construction and private placement of up to 66.78 million new ordinary shares.
In a filing with Bursa Malaysia, Silver Ridge said the proposed diversification into construction and construction-related business includes trading and supply of equipment and building materials.
For the proposed private placement, it said 66.78 million shares, representing 30% of total issued shares, will be issued to independent third-party investors to be identified later.
The issue price of each tranche of the placement shares will be determined and fixed by the board and announced at a later date.
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