SL Metals (M) Sdn. Bhd. closed a private placement of 500,000 new ordinary shares at a price of MYR 1 per share for gross proceeds of MYR 500,000 on April 20, 2023.

The transaction included participation from returning investor Soon Lian Holdings Limited, increasing the holding of ordinary shares from 2,000,000 ordinary shares to 2,500,000 ordinary shares. The transaction has been approved by the board of directors of the company.