Summary
ManagePay Systems Bhd raises funds from its initial public offering to expand its business and presence nationwide.
NEWLY ACE-LISTED COMPANY ManagePay Systems Bhd (ManagePay) is looking at the next two years to strengthen its offerings and position in Malaysia as well as to expand business and customer base in Malaysia.See the full content of this document
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Local Focus for Managepay
Its chief executive officer Chew Chee Seng says the group intends to utilise its initial public offering (IPO) proceeds to fund the group's business expansion plans.
`We expect the utilisation of proceed will aid the company to expand our presence throughout Peninsular and East Malaysia, to strengthen liquidity and cash flow position via the increase in working capital and to enhance R&D activities. This will in turn he...See the full content of this document
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