Green Packet Bhd raises RM18m
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.