Brunei prince to buy 17 pct stake in KLW - Straits Times
By Editor
Nov 17, 2013 08:55 PM EST
Regions
A Brunei prince will acquire a 17 percent stake in KLW Holdings Ltd , a provider of recycled wood for doors and flooring.
The company announced last Friday that it will be issuing 500 million new shares at a price of 2 cents a share through a placement, with call and put options for up to 2 billion additional shares.
The shares will be placed to Prince Abdul Qawi, the eldest son of Prince Mohamed Bolkiah, Minister of Foreign Affairs and Trade of Brunei.
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