PETALING JAYA: More listed entities are raising funds via private placements in the fourth quarter as companies rush to take advantage of a relaxed ruling, which allows them to place out a higher percentage of shares, before the window closes on Dec 31.
According to announcements on Bursa Malaysia, about 50 companies have announced plans to raise funds through private placements since October compared to over 40 companies for the July-September period.
These include Bintai Kinden Corp Bhd, Adventa Bhd, KNM Group Bhd, KKB Engineering Bhd, Kobay Technology Bhd, Samaiden Group Bhd, SMTrack Bhd, Khee San Bhd and CN Asia Corp Bhd, as well as Green Packet Bhd, which is proposing to undertake a private placement of up to 40% of its shares.
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