Salutica seeks shareholder approval for up to 30% private placement raising up to RM 16.18 million

• Salutica shareholders will vote at an extraordinary general meeting on a proposed private placement of up to 30% new shares.
• Placement size indicated at 139,755,000 to 140,655,000 shares, priced at up to a 20% discount to the 5-day VWAP.
• Funds targeted at up to RM 16.18 million, mainly for manufacturing expansion and entry into property and construction.
• Meeting will also seek approval for a diversification into property development, construction, related materials supply, property management, investment.
• Board view: proposals are in the company’s best interest, implying support for shareholders to vote in favor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Salutica Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3712852) on October 07, 2026, and is solely responsible for the information contained therein.