PETALING JAYA: The opportunity for listed companies to fundraise by placing out a higher percentage of shares has been extended for 12 months, but this leeway can only be enjoyed by companies that have not raised any funds through the relaxed guidelines since 2020.
Bursa Malaysia announced yesterday that listed companies will have up to Dec 31, 2022 to issue new shares by way of private placement under the increased general mandate of 20%.
The leeway will be subject to the same prescribed conditions such as securing shareholders’ approval via a general meeting and complying with all applicable legal requirements.
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