BANGALORE: Online payment company MOL Global Inc, majority-owned by Malaysian billionaire Tan Sri Vincent Tan, filed with US regulators on Monday to raise about US$300mil (RM954mil) in an initial public offering of American Depositary Shares.
Also known as Money Online, MOL is expanding in South-East Asia and plans to tap the Government’s push to drive e-payments in preparation for a new consumption tax that kicks in next year.
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