Prestariang’s net cash balance to increase to RM125m after private placement exercise
Prestariang Bhd(June 26, RM1.88)Maintain buy with RM2.25: Prestariang announced a private placement of up to 44 million new shares (10% of its outstanding share base of 440 million) on June 25, which could raise RM70 million to RM80 million.