Axiata Digital Advertising Sdn Bhd announced that it has entered into an agreement with new investor SoftBank Corp. (TSE:9434) for an equity round of funding of about MYR 250 million on May 11, 2021. Post closing of the transaction, SoftBank Corp. (TSE:9434) will hold 23.07% stake in the company. As part of the transaction Daichi Nozaki of SoftBank Corp. (TSE:9434) will join the board of directors of the company in mid-May 2021. The round will be raised at a post money valuation of MYR 1,100 million. Post closing of the transaction, Sumitomo Corporation's stake will be 13.46% and Axiata Digital Services Sdn. Bhd.'s stake will be 63.47%.