MDV Inks Investment Agreement With KLDX To Boost Fundraising For Tech Companies And Start-Ups Via Malaysia’s First IEO Platform
KUALA LUMPUR, 26 SEPTEMBER 2023: Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance (Incorporated) [MOF (Inc)] and an agency under the purview of the Ministry of Science, Technology and Innovation (MOSTI), together with Kapital DX Sdn Bhd (KLDX) today signed an investment agreement for an undisclosed amount as part of KLDX’s fundraising efforts. The signing ceremony held at the RuMa Hotel & Residences was attended by MDV Chairman, YB Wong Chen; KLDX Chairman, Tan Sri Datuk Seri Nik Norzrul Thani; MDV CEO, Nizam Mohamed Nadzri; and KLDX CEO, Selvarany Rasiah.
The investment signifies MDV’s landmark venture into the Initial Exchange Offering (IEO) market and is consistent with the company’s mandate to support the technology sector through innovative financing options. The investment is part of a collaboration to also diversify MDV’s funding avenues and broaden its digital presence through participation in alternative financing platforms. – NEWSWAV