DXN targets RM122mil from Bursa relisting

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PETALING JAYA: DXN Holdings Bhd aims to raise RM121.6mil from it relisting on Bursa Malaysia next month, with the money to be used to repay bank borrowings and meeting working capital requirements.

The Main Market-bound company will offer up to 932.7 million ordinary shares, comprising an offer for sale of up to 772.68 million existing shares to institutional investors and a public issue of 160 million new shares.



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