XOX to is­sue new shares to Mac­quarie

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: XOX Bhd, a mo­bile telecom­mu­ni­ca­tions prod­ucts and ser­vices provider, has pro­posed the is­suance and al­lot­ment of up to 250 mil­lion new or­di­nary shares of 10 sen each to Mac­quarie Bank Ltd.

In a state­ment, XOX said this would rep­re­sent 42.03% of its ex­ist­ing is­sued and paid-up share cap­i­tal and about 29.59% of its en­larged is­sued and paid-up share cap­i­tal after the share is­suance.

The fundrais­ing ex­er­cise is to fuel the planned ex­pan­sion of its Voopee mo­bile ap­pli­ca­tion. – Ber­nama

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