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MyEG to raise up RM309m via private placement

Business & Finance

KUALA LUMPUR (Oct 18): My EG Services Bhd (MyEG) plans to raise up to RM309 million via a private placement.

This marks its second cash call in 10 months, after completing the first tranche of its previous placement exercise with the listing of 120 million new shares on Dec 17, 2020. 

It successfully raised RM216 million from placing out the 120 million shares and it was earmarked to fund the development of hostels for foreign workers and the development of healthcare-related services.

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