KUALA LUMPUR, Nov 10 (Bernama) -- PMB Technology Bhd (PMBT) is expected to raise proceeds of RM200 million from multiple proposals, the company said in a filing to Bursa Malaysia.
The proceeds will be used for construction of a facility to manufacture metallic silicon and to purchase equipment for the company's silicon facility.
Among the company's proposals include a proposed share split involving the sub-division of every one existing PMBT share into two sub-divided shares and proposed renounceable rights issue of 5-year 3.00 per cent irredeemable convertible unsecured loan stock together with free detachable warrants to raise approximately RM200 million.
It also proposed a diversification of the principal activities of the PMBT group to include the manufacturing of metallic silicon.
"Currently, the PMBT group is principally involved in the business of investment holding, manufacturing and trading of aluminium and other related products, construction and fabrication of aluminium products.....