Cash Online Sdn. Bhd. announced a private placement of 4,500,000 ordinary shares at a price MYR 1 per share for gross proceeds of MYR 4,500,000 on November 16, 2021.

The transaction included participation from returning investor MoneyMax Financial Services Ltd. Post-closing of the transaction, the investor will continue to retain its 100% stake in the company. Post-closing of the transaction, the issued and paid-up capital of company increased from MYR 100 to MYR 4,500,100 , comprising 4,500,100 ordinary shares.