KUALA LUMPUR, Jan 31 (GCTL) - Malaysia Airports Holdings Bhd (MAHB) plans to place out 110 million new shares that could raise around M$600 million.
The airport operator will use the bulk of the placement money for the capital expenditure (capex) of the new low-cost carrier terminal at the Kuala Lumpur International Airport or KLIA2.
"Assuming that the issue price is fixed at RM5.44 per placement share and MAHB issues 110 million new shares, the company is expected to raise gross proceeds of about RM598.4 million," MAHB said.
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