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bro read the quarterly report. demand for hygiene product drives the expansion for higher production. currently running on full throttle now hence need fresh funds to cater for equipments n floorspace.
private placement to expand production line.. because current demand and orderbook is high so need to catch up with production. private placement is used to raise cash for such expansion. is a good thing. ability to get private placement also show confidence towards business prospect. usually private placement is better than bank loan is better than right issue (asking money from shareholders)