PETALING JAYA: Property developer Ibraco Bhd
is gearing up for long-term growth with its proposed private placement of up to 49.6 million new shares.
More excitingly, the exercise could potentially see the entry of strategic investors into the Sarawak-based company to realise synergies through this exercise, said TA Research.
Last Friday, Ibraco announced the proposed private placement exercise, representing up to 10% of its total issued shares, to third-party investors to be identified later.
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