M&A Securities and NewParadigm Underwrites Rights Issue with Warrants for Siab Holdings Berhad's Acquisition of Taghill
KUALA LUMPUR, May 7, 2024 - (ACN Newswire) - Siab Holdings Berhad (“Siab” or the “Company”), an established player in Malaysia’s construction industry, is pleased to announce its plans to raise approximately RM103.98 million through private placement, of which RM12.00 million has been completed on 28 December 2023, and rights issue with warrants. These funds will be used to finance the acquisition of Taghill Projects Sdn. Bhd. (“Taghill”). The rights issue with warrants, valued at RM91.98 million, will be underwritten by M & A Securities Sdn. Bhd. ("M & A Securities"), the Principal Adviser, M...