I-Bhd plans preference share issue
PETALING JAYA: Property developer I-Bhd
is proposing to issue preference shares to its major shareholder, Sumurwang Sdn Bhd, in a deal that could raise up to RM100mil.
In a filing with Bursa Malaysia, the company said the proposal calls for the issuance of up to RM100mil redeemable preference shares to Sumurwang at RM1 each.
……Read full article on The Star Online - Business
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