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Fibromat (M) Berhad is a Malaysia-based investment holding company. The Company, through its subsidiary, MTS Fibromat (M) Sdn Bhd, is principally involved in designing and installation services for erosion control solutions, manufacturing of in-house erosion control products, trading of geosynthetics products and trading of erosion control products. It produces erosion control products for slope stabilization, riverbank stabilization, soil erosion control, embankment protection, and other erosion control applications. The Company operates through three segments: Manufacturing, Trading and Designed and installation. Its Design and installation services segment includes design and builds services, which are engineered to suit a spectrum of erosion control and protection applications. Its Trading segment includes trading and distribution of erosion control and geosynthetic products. Its Manufacturing segment includes manufacturing and sales of erosion control and geosynthetic products.
KUALA LUMPUR: Fibromat (M) Bhd has proposed a private placement of up to 24.83 million new shares, representing up to 10% of its issued share capital, to raise about RM17.4mil.
Fibromat (M) Bhd has secured a sub-contract from Hexatrend Sdn Bhd in relation to road construction works for "Jalan Akses Ke Limpaku Pinang, Bahagian Limbang, Sarawak," worth RM140mil.
FIBROMAT (M) BERHAD ("FIBROMAT" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10.0% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN FIBROMAT ("PROPOSED PRIVATE PLACEMENT")
FIBROMAT (M) BERHAD ("FIBROMAT" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF FIBROMAT PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PROPOSED PRIVATE PLACEMENT")