Netx to raise RM15.36mil for GEM upgrade

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

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.