PETALING JAYA: Bonia Corp Bhd is proposing to subscribe to 6.19 million shares, or a 30% stake in IT SEA Holdings Sdn Bhd (ITSH) for RM7.5mil.
In a filing with Bursa Malaysia, Bonia said the proposed subscription, if materialised, will complement and increase Bonia’s range of product offerings to provide a wider assortment of products.
This, the company said, will allow it to cater for the constant change and demands of consumers in the fashion retail industry.