KUALA LUMPUR: Atlan Holdings Bhd will undertake a private placement of up to 38 million new ordinary shares of RM1 each.
In a filing to Bursa Malaysia yesterday, it said the new placement represents 15 per cent of the existing issued and paid-up share capital of the company as at June 12, being the last trading day of the stock prior to the announcement.
“The shares will be placed out to investors who are deemed to be public shareholders in order to assist the company to comply with the public spread requirement,” it added.