Nazir Razak investing in durian planter via private share placement

KUALA LUMPUR (Jan 22): PLS Plantations Bhd has proposed to place out 19 million new shares in the durian planter to CIMB Group Holdings Bhd ex-chairman Datuk Seri Nazir Razak (pictured) at 95 sen each under a private placement of up to 10% of the total number of issued shares in the company to improve its public shareholding spread and raise money to finance the expansion of its existing business.