Malaysia

After recently obtaining shareholders’ approval to undertake placement of up to 10 percent of total issued shares, Malaysia credit reporting agency CTOS Digital Berhad announced Wednesday that it had finalized the issue price of its proposed primary placement exercise at MYR1.58 ($0.38) per share to raise a total of MYR173.8 million ($41.4 million) in…

GK Aqua Sdn Bhd, a Malaysian Biotechnology company is looking to raise a minimum of MYR2 million ($478,000) for 4.26 percent equity with a maximum target of MYR8 million ($1.91 million) for 15.09 percent equity via the Malaysian equity crowdfunding platform pitchIN.

Flokq and Instahome, the full-stack online to offline long-term rental platforms in Indonesia and Malaysia, on Wednesday announced a partnership spanning marketing and distribution, leveraging off each other’s property inventory, technology capabilities, and know-how hinting towards a strong prop-tech alliance that is shaping up in the region.

"We aspire to build a drone economy where mundane tasks and boring jobs will be removed, so that humans can focus more on meaningful jobs that would leverage on creativity and innovation."

Priorities will be given to Internet of Things (IoT), Advanced Manufacturing, Consumer Digital, EdTech, Health Tech, Clean Tech companies.

Urbanmetry has closed a Pre-Series A round of $2 million led by Monk’s Hill Ventures. The funding will be used for developing its intelligent data products and platforms to serve end consumers in the property and mortgage markets; and for building out its product, technology, data, and business development teams.

Carsome has on Tuesday launched the so-called Carsome Certified Lab in Malaysia, which claimed to be Southeast Asia’s largest car refurbishment facility.

In this first part, we briefly look into the opportunities awaiting Malaysia drone tech startups.