Malaysia's Eco world launches US$178.8m share sale: term sheet
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[KUALA LUMPUR] Malaysian property developer Eco World Development Group Bhd launched a US$178.8 million primary placement share sale, according to a term sheet seen by Reuters.
The company is offering 394 million shares at an offer price of 1.62 ringgit per share, which is at a discount of 8.5 per cent to Thursday's closing price.
Proceeds from the sale would be used for business development and as working capital, the term sheet stated.
CIMB Investment Bank is advising on the deal.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
