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LKL International Bhd obtained shareholder approval for a private placement to raise up to RM94.3 million, of which RM26.5 million will be used for capital expenditure including the purchase and setup of two new factory buildings and a conveyor line for epoxy powder coating automation.
“The proposed private placement would help us raise funds expeditiously and cost-effectively to fund our manufacturing capex.”theedgemalaysia.com
Summarized from public sources; check the original articles before acting on it.