Pestech announces corporate exercise

Quick Summary:

PETALING JAYA: Pestech International Bhd has proposed to undertake a restricted issue of 1.33 billion new shares to Dhaya Maju Infrastructure (Asia) Sdn Bhd at an issue price of 12 sen a share, raising RM160mil in the process.

Its projects include contract works from Tenaga Nasional Bhd, National Grid Corp of Philippines, Electricite Du Cambodge, RTS Operations Pte Ltd and other electrification and rail projects.

Pestech has a work order book of RM646.69mil but is weighed down by debts of RM1.09bil and a gearing ratio of 5.63 times as at June 30, 2024.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndiaPhilippines

Topics: Pestech Corporate News Dhaya Maju /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 20:36:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22880678

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