Chailease International Company (Malaysia) Limited announced a private placement of 312,500,000 common shares at the price of $0.8 per share with existing investor, Chailease Holding Company Limited for gross proceeds of $250,000,000 on November 12, 2021. The investor continue to retain its 100% stake in the company. The chairman of investor is authorized to determine and handle all matters relating to the subject capital injection in installments within two years upon approval.

The transaction has been approved by the board of directors of the investor.