Malaysia: Boustead plans $240m fundraising via rights issue to shrink gearing, fund realty activities

Malaysia: Boustead plans $240m fundraising via rights issue to shrink gearing, fund realty activities

Visual of Boustead Holdings' website.

Boustead Holdings Bhd is planning a two-for-five rights issue raising up to MYR1.05 billion ($240 million) to pare down its gearing, fund its property development and property investment activities, and for working capital.

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