Netx to raise RM15.36mil for GEM upgrade

TheStar Wed, Jan 16, 2019 06:12pm - 5 years View Original


KUALA LUMPUR: Technology company Netx Holdings Bhd has proposed to raise as much as RM15.36mil by placing out 1 billion new shares in the company to independent third party investors.

Shares in Netx was last traded at 2 sen.

   

The company, in a filing with Bursa Malaysia on Wednesday, said the new shares will be placed out at 1.48 sen a share. Proceeds from the exercise will be used for the development of its lifestyle mobile application known as GEM.

“The app is currently undergoing upgrading and enhancement with additional features to be continually added and existing features to be continually improved,” it said.

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