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MK Land Holdings Bhd announced a private placement exercise of not more than 10% of its existing paid-up capital that will raise up to RM145.85 million for the group’s working capital.
As o
f July 31, 2007 the company has a paid-up share of capital of RM 1.21 billion comprising similar number of shares, including 2.67 million treasury shares.
Announcing the private placement yesterday, it said the actual number of shares would be determined at a later date and might be implemented in multiple tranches within six months from the date of approval.
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