Ecoscience International Berhad announced a private placement of 34,000,000 common shares for the gross proceeds of MYR 11.2 million on August 22, 2023. The transaction is subjected to approvals from Bursa Securities and shareholders of the company. The transaction is expected to close in 4 quarter of 2023, that is, October 1, 2023, to December 31, 2023.