Unisem (M) (KLSE:UNISEM) received approval from Bursa Malaysia Securities Berhad to list and quote up to 161.3 million new shares under its proposed private placement, according to a Wednesday Malaysian bourse filing.
Shares gained about 2% in Thursday's late morning trade.
The shares represent up to 10% of the company's issued share capital.
The approval is subject to customary conditions, including compliance with listing requirements and the exchange's approval conditions.
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