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MALAYSIAN builder MMC will raise up to RM750 million
(S$303.5 million), or about RM2.25 per share, from the listing of
its unit Gas Malaysia on the Kuala Lumpur stock exchange, a source
with direct knowledge of the deal said MMC said in an exchange
filing on Tuesday that it would sell about 333.8 million shares, or
26 per cent of Gas Malaysia's entire share capital. It said the
share capital was valued at RM642 million at par.
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