Sersol Berhad (KLSE:SERSOL) will look for acquisitions or investments. Sersol Bhd is proposing a private placement of up to 84.9 million new ordinary shares, representing not more than 10% of the total issued shares, to third-party investors at an issue price to be determined later. The gross proceeds from the proposed private placement, expected to be approximately MYR 7.31 million to MYR 8.5 million, will be primarily allocated towards bolstering working capital, financing potential acquisitions or investments in complementary businesses/assets, and covering expenses related to the placement.