GDex looks for funding to go on regional expansion
http://www.thestar.com.my/business/business-news/2015/12/12/gdex-looks-for-funding-to-go-on-regional-expansion/?style=biz
- planned private placement exercise
- company finding it a bit tough to find suitable investors
- The fund raised via private placement will be used mainly for expansion projects, which include regional expansion
- We have the flexibility in capital structure with the net cash position
- GDex’s management should be able to sustain its present growth trajectory
- Our capex for FY16 will be focused on improving information technology infrastructure, expanding capacity and upgrading our operational facilities. It will mainly be funded with internally generated funds
- we also have to continually invest more in human capital, technology, and infrastructure to remain competitive