Binasat seeks RM4.23 million through proposed share placement
The proposal covers up to 60.43 million new shares, alongside a plan to reallocate RM21.83 million from earlier equity fundraising.
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The proposal covers up to 60.43 million new shares, alongside a plan to reallocate RM21.83 million from earlier equity fundraising.
The purchases leave Datuk Seri Tan Kong Han with a direct holding of 1.89 million shares, equivalent to a 0.049% stake.
The ICT solutions provider is scheduled to move from the LEAP Market to the ACE Market on Oct 22.
The group said the vessel purchase supports fleet expansion and diversification beyond offshore support vessels.
The plastic packaging maker retains its share offering plans after receiving regulatory relief from Bursa Securities on Oct 7.
The assessments include penalties and concern interest income from treasury activities for the 2017 to 2023 assessment years.
RAM Ratings expects tax reliefs to reduce collections by RM2.96 billion, while MARC says the lower deficit target represents a reduction of just RM1 billion.
PKB and Maybank Investment Bank describe the issuance as Malaysia's first social sukuk from a state agency.
Johari said Washington had given no indication of new semiconductor tariffs, while excess capacity remained unresolved in Section 301 negotiations.
The IPO is priced at 20 sen per share and is expected to raise approximately RM28.6 million through new shares.