Malaysia's Serba Dinamik to raise $53.5m for gearing, working capital

Malaysia's Serba Dinamik to raise $53.5m for gearing, working capital

The Petronas Towers peek through palm trees. Kuala Lumpur, Malaysia.

Malaysia’s Serba Dinamik Holdings Bhd is looking to raise up to 232.9 million ringgit ($53.45 million) by selling new shares to reduce gearing and for general working capital requirements, according to a term sheet seen by Reuters.