Aemu­lus plans to raise funds

The Star Malaysia - StarBiz - - News -

PETALING JAYA: Semi­con­duc­tor test so­lu­tions firm Aemu­lus Hold­ings Bhd has pro­posed a pri­vate place­ment to raise up to Rm23.62mil, which will mainly go to­wards new busi­ness in­vest­ments, re­search and de­vel­op­ment (R&D) ac­tiv­i­ties, and re­pay­ment of bank bor­row­ings.

The pri­vate place­ment of up to 54.94 mil­lion new or­di­nary shares in Aemu­lus, rep­re­sent­ing 10% of the com­pany’s to­tal is­sued shares, would be at an is­sue price to be de­ter­mined by the board later, it said.

“Based on the in­dica­tive is­sue price of 43 sen per place­ment share, the pro­posed pri­vate place­ment is ex­pected to raise gross pro­ceeds of up to Rm23.62mil,” it said in a fil­ing with Bursa Malaysia. — Ber­nama

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