PUC (KLSE:PUC) proposed a private placement of up to 304.8 million new ordinary shares, representing 10% of its existing issued share capital, to be issued to selected third-party investors.
The company will determine the issue price and other details later.
In the same filing, the company disclosed plans to acquire the entire equity interest in H BESS for 6.8 million ringgit, to be fully satisfied in cash.
The stake will be purchased from Yong Tzen Wae and Chua Sai Men, it said.
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