Oasic Harvest (KLSE:OASIC) has proposed to broaden its core business into event management and public relations services, according to a shareholder circular released Thursday.
The move marks a strategic shift beyond its existing operations, the diversified conglomerate said.
The company is also planning a renounceable rights issue of up to 73.6 million shares priced at 0.10 ringgit each, on a one-for-two basis. It also planned to issue free detachable warrants on a one-for-one basis. The fundraising exercise is intended to support expansion plans.
An extraordinary general meeting is scheduled for June 26, to deliberate on the proposals, it said.