GRAND VENTURE TECHNOLOGY SDN BHD announced that it has received MYR 5.4 million in funding from Grand Venture Technology Limited
GRAND VENTURE TECHNOLOGY SDN BHD announced that it has received shareholder loan of MYR 2,400,000 and issued 3,000,000 shares at issue price of MYR 1 per share for gross proceeds of MYR 3,000,000; for aggregate gross proceed of MYR 5,400,000 on August 7, 2019. The transaction included participation from returning investor, Grand Venture Technology Limited (Catalist:JLB). The shareholder's loan carry an interest rate of 3% per annum with no fixed term of repayment. The investor will continue to hold 100% stake in the company.