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Oriented Media Group Bhd Proposes Private Placement


Wednesday, 11 Sep 2013 04:56am EDT 

Oriented Media Group Bhd announced that the Company proposes to implement a private placement of up to 35,581,600 new ordinary shares of RM0.10 each in OMEDIA to independent third party investors to be identified at a later date. The Company is expected to raise gross proceeds amounting up to RM3,558,160 from the Proposed Private Placement. The Proceeds will be used for Setting up of mobile apps studio to develop and focus on the mobile apps business 1,300,000 Within 12 months Purchase of virtualization software source code 1,000,000 Within 12 months Working capital for OMEDIA and its subsidiaries. 

Latest Developments for Oriented Media Group Bhd

Company Quote

0.165
0.01 +6.45%
22 Aug 2014