GDex looks for funding to go on regional expansion

Ready for growth: GDex has said in its 2015 annual report that it has reviewed and scaled up its manpower and operational requirements in preparation for regional expansion.

GD Express Carrier Bhd’s (GDex) planned private placement exercise that had been extended to almost a year will be a key factor to watch as it seeks further growth funding.

The possible reason for the lenghtened timeframe could be due to the company finding it a bit tough to find suitable investors with the current investment outlook.