KUALA LUMPUR (Jan 19): DBE Gurney Resources Bhd has confirmed that it is in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.
The poultry-based company, in its reply to a Bursa Malaysia Securities query, said it had plans for a private placement to raise funds for its working capital requirement.
However, DBE said the talks with the CI Holdings shareholders was “at preliminary stage”.
“As such, the pricing for the proposed private placement exercise have not been finalised yet,” it said.
The poultry-based company, in its reply to a Bursa Malaysia Securities query, said it had plans for a private placement to raise funds for its working capital requirement.
However, DBE said the talks with the CI Holdings shareholders was “at preliminary stage”.
“As such, the pricing for the proposed private placement exercise have not been finalised yet,” it said.
