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Magma Clears Legacy Impairment in Q3 FY2025 and Strengthens Growth Path Ahead, which is a one-off non-cash accounting adjustment arising from the entire write-off of development costs for the Impiana Cherating project.
Magma has proposed a private placement of up to 168.11 million new shares, representing up to 10% of its issued share capital, to raise up to RM50.1 million to fund property development works and investments in its hotel division
