MyTeksi set for more funding


PETALING JAYA: Homegrown Internet-based taxi booking service MyTeksi Sdn Bhd is poised for more funding deals, including a possible flotation on the stock market, signalling the increasing interest among investors to fund such companies.

Next week, MyTeksi would ink a deal to raise US$10mil (RM32.8mil), which could take the form of a loan or convertible instrument, sources said, adding that the provider of the funds could be CIMB Investment Bank Bhd.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , myteksi , uber , broadband , anthony tan ,

   

Next In Business News

CPO futures likely to trade lower next week Premium
China's industrial profits growth accelerates in Oct Premium
New COVID variant Omicron triggers global alarm, market sell-off Premium
Top US diplomat for Asia to visit Malaysia and three other ASEAN countries Premium
Oil settles down US$10/bbl in largest daily drop since April 2020 Premium
Black Friday draws US shoppers but many shun stores for online Premium
Stocks tumble on new coronavirus variant fear Premium
China traders ramp up leverage in bet PBoC to stay on sidelines Premium
Indonesia jobs law ruling may dim investment outlook Premium
Investing in a tough 2022 Premium

Others Also Read


Vouchers