Green Packet Bhd raises RM18m

New Straits Times - - Business -

KUALA LUMPUR: Green Packet Bhd has com­pleted the place­ment of up to 10 per cent of its is­sued and paid-up cap­i­tal, rais­ing RM18.09 mil­lion. The money would be used for prod­uct and busi­ness de­vel­op­ment. The place­ment in­volved 68 mil­lion new 20 sen shares at 26.5 sen each, a dis­count of 7.83 per cent to its five-day weighted av­er­age market price of 28.75 sen on March 9. Chief ex­ec­u­tive of­fi­cer Tan Kay Yen said the place­ment’s main pur­pose was to en­hance its in­sti­tu­tional share­hold­ings.

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