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Revenue Group expects to raise RM20.6m from IPO


KUALA LUMPUR: Revenue Group Bhd, a cashless payment solutions provider, expects to raise RM20.61 million from its initial public offering (IPO).

Managing Director and Group Chief Executive Officer, Eddie Ng Chee Siong said RM8.1 million of the proceeds would be utilised as capital expenditure (capex), while RM4.04 million would be used to upgrade and enhance its revPAY platform and to recruit more information technology personnel.

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