September 06, 2024 -Friday

Friday 28/06/2019

Members of the media are cordially invited to the Listing Ceremony of MCOM Holdings Berhad on the LEAP Market. The event will be held on the following:

Day/Date : Wednesday 3 July 2019

Time : 8.30 am - 9.30 am

Venue : Bursa Malaysia Securities Berhad, Exchange Square, Persiaran Maybank, Bukit Kewangan, 50200 Kuala Lumpur

PROGRAMME

8:20 am : Arrival of Participants

8.30 am : Commencement of Ceremony

: Speech by Mr Ho Kim Hun, Chief Executive Officer and Executive Director of MCOM

9.00 am : Hitting of Gong & Share Price Viewing

9.10 am : Press Conference

: Light Refreshment

9.30 am : End of Ceremony





Program Background

MCOM Holdings Berhad (MCOM), an MTDC Investee company will be listed on the LEAP market of Bursa Malaysia Securities Berhad. MCOM is a digital marketing solution provider, specialising in mobile advertising platform and mobile payment solutions.

The Company’s mobile advertising platform link advertisers and/or advertising agencies with publishers. It allows advertisers, advertising agencies and publishers to monitor the effectiveness of advertising spaces in mobile applications through the tracking of successful leads and/or purchases; and, effectively target advertisements to specific audiences based on their demographic background and/or interests, to maximize the effectiveness of advertisements.

Currently, MCOM’s digital marketing solution business is operating out of Malaysia and Thailand.

MCOM Holdings Berhad has been approved with Business Growth Fund (BGF) from MTDC, to support its expansion plan on the performance programmatic mobile advertising business and provision of wired and wireless internet services in Cambodia. The funding comprises subscription of 10,714,200 ordinary shares at the value of RM0.28 per share for a total amount of RM2,999,976.00 in the Company.

Under the listing exercise on LEAP Market of Bursa Malaysia, MCOM raised RM5.28 million via placement of 18,856,000 shares in MCOM at RM0.28 per share to the sophisticated investors. MCOM plans to utilise approximately RM2.90 million (54.9%) raised from the placement as capital expenditure to set up essential facilities to offer wired and wireless internet services in Cambodia.

MCOM will also utilise RM0.88 million (16.7%) from the proceeds to increase the automation level in the Company’s mobile advertising platform as well as to enhance its mobile advertising solution infrastructure.

MCOM aims to be the leading digital marketing solution provider, specialising in mobile advertising platform and mobile payment solutions.

The listing on the LEAP Market of Bursa Securities will facilitate MCOM with greater financial flexibility to pursue future growth opportunities and enhance the Group’s reputation, as well as to increase market awareness of its services and expand its customer base.

About MTDC

MTDC is a wholly-owned subsidiary of Khazanah Nasional Berhad and has been the key player in commercialisation and management of government funding since the 7th Malaysia Plan.

The company was set-up in 1992 to promote the adoption of technologies by local companies via commercialisation of local R&D or acquisition of foreign technologies. Since then, MTDC has been a key player in commercialisation and management of Government funds. Currently, MTDC manages five funds, specifically the Commercialisation of R&D Fund (CRDF), Technology Acquisition Fund (TAF), Halal Fund, Business Start-Up Fund (BSF) and Business Growth Fund (BGF).

Besides fund management, MTDC also provides an integrated support services for technopreneurs which includes advisory services such as mentoring, soft-landing, branding, fund raising, international collaboration and networking. MTDC’s commercialisation ecosystem has provided funding and assistance to over 500 technology-based companies that are involved in a wide range of activities ranging from the agricultural sector to ICT.

In the 9th Malaysia Plan (9MP) and 10th Malaysia Plan (10MP) alone, companies that were recipients of MTDC’s Commercialisation of Research and Development Fund (CRDF) and Technology Acquisition Fund (TAF) generated a total of RM1.974 billion in sales and contributed towards the creation of 5,261 new jobs and a total of 465 Intellectual Property Rights were filed.

You are cordially invited to send a reporter and photographer/cameraman to attend and cover the event.

SOURCE : Malaysian Technology Development Corporation (MTDC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Alvirah Mohd Natt
Vice President
Corporate Communications Department
Tel : 017 212 2802
Email : alvirah@mtdc.com.my

Name : Sharus Shavek Sharudin
Senior Associate, Corporate Communications Department
Tel : 012 358 4181
Email : sharusshavek@mtdc.com.my

-BERNAMA