Daya mulls fund raising proposals (Star)

Daya Materials Bhd has said it is considering various fund raising proposals, which include the combination of private placement, rights with warrants issuance, convertible bonds and senior debt financing which could come up to RM950mil.

This is to finance the purchase of two offshore sub-sea construction vessels, it said in a filing to Bursa Malaysia. Further information on the potential funds raising exercise will be made at the appropriate time, Daya added.