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.
Brunei prince to buy 17 pct stake in KLW - Straits Times
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