Budget 2027 provides RM1.7 billion for targeted financing
BSN said the allocation would benefit youth, gig workers, hawkers and vulnerable communities.
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BSN said the allocation would benefit youth, gig workers, hawkers and vulnerable communities.
Two entities linked to founder Ong Yoong Nyock became substantial shareholders, while his total holding fell to 52.06%.
The proposed offering includes 179.22 million new shares, with funds earmarked for products, staffing and facilities.
The consideration will offset debt to MMR Capital, which has also agreed to waive RM2.02 million owed by AIMAX Healthcare.
Trading volume eased to 145,207 lots, while open interest rose to 337,867 contracts.
Bursa Malaysia filings also recorded the end of Wong Thean Soon’s substantial shareholder status at Excel Force MSC Bhd.
RM800 million would go towards repaying borrowings, while the rest would fund working capital. Completion is expected in the first quarter of 2027.
The project covers interconnection facilities and associated infrastructure for a 120-megawatt plant, with completion targeted for the third quarter of 2027.
The company anticipates a RM3.22 million net gain and plans to put the disposal proceeds towards working capital.
Government-linked investment companies will provide RM25 billion, while public-private partnerships will account for RM11 billion.