PETALING JAYA: Ta Win Holdings Bhd has proposed a private placement of up to 20% of issued shares to expand signal and power solutions business.

       In a statement, the company said the exercise was expected to raise up to RM187.8mil in proceeds based on the illustrated issue price of 16 sen per placement share.

       Separately, Ta Win has signed a memorandum of understanding with RR One Capital D.O.O. to explore potential collaboration opportunities in the application of smart contracts on blockchain technology in the infrastructure development of electric vehicle charging stations and integrated charging ecosystem.

       RR One could be a potential strategic investor in the proposed private placement.