PETALING JAYA: M3 Technologies (Asia) Bhd (M3Tech) has raised RM38.9mil via a rights issue to ramp up commercialisation of new products and services in an effort to boost revenue.
The solution management and mobile value-added services provider saw its shareholders oversubscribe its renounceable rights issue of up to 389.526 million new ordinary shares, together with up to 295.98 million free warrants.
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