Cuscapi secures MDV financing of up to RM13m

PETALING JAYA (Oct 30, 2013): Cuscapi Bhd, which moved to the Main Market from the ACE Market of Bursa Malaysia on Sept 4, 2013, secured a 30-month project financing of up to RM13 million with Malaysian Debt Ventures Bhd (MDV) yesterday.

The business management solutions provider will now have sufficient funding to roll out its new commercial interactive tablets in Asia at a quicker pace.

Cuscapi CEO Her Chor Siong said the financing facilities agreement with MDV, coupled with the RM29.5 million raised from an earlier rights issue, will help finance the deployment of REV tablets to most of its customers across the region.