Siab plans private placement exercise

KUALA LUMPUR: Siab Holdings Bhd has proposed a private placement, a rights issue with warrants and the acquisition of 100 per cent of Taghill Projects Sdn Bhd. The company said the private placement would involve 100 million new ordinary shares,  representing 20.42 per cent of the existing  issued shares, for independent investors to be identified, and at an issue price to be determined later. Based on the indicative placement price, the proposed private placement will raise gross proceeds of up to RM12 million.