IEV Holdings Limited (with headquarters in Malaysia), a provider of integrated offshore engineering and clean energy solutions, has agreed to issue 17,200,000 ordinary shares in a private placement, at a price of $0.33 per share, in order to raise about $5.68 million. Value Capital Asset Management Private Limited will subscribe to 10,800,000 shares and individuals and/or institutions will take the remainder. HL Bank will act as the placement agent for the company. The proceeds from the issue will be utilised by the company to enhance its operations.
