Ho Hup Construction Company Bhd’s deadline to submit its regularisation plans has been extended to July 19, M&A Securities Sdn Bhd said in a filing to Bursa Malaysia.
The statement also said that Ho Hup has entered into an agreement with Plenitude Frontier Sdn Bhd to purchase the entire equity interest in Kolektra Recreation Sdn Bhd for RM12.8mil and is planning a rights issue to raise proceeds of up to RM102mil.
The company aims to shed its PN17 status by the end of the year.
The statement also said that Ho Hup has entered into an agreement with Plenitude Frontier Sdn Bhd to purchase the entire equity interest in Kolektra Recreation Sdn Bhd for RM12.8mil and is planning a rights issue to raise proceeds of up to RM102mil.
The company aims to shed its PN17 status by the end of the year.
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