The company plans to use RM33.4mil raised from the initial public offering for capital expenditure, of which RM30.9mil will be used to expand its device-as-a-service subscription-based service and RM2.5 mil to set-up 10 new retail stores in the Klang Valley, Johor, and Penang.
“From the above mentioned enquiries, we have secured contracts with 26 governmental bodies amounting to RM247.49mil and three public listed companies amounting to RM0.55mil.as desktops, laptops, interactive smartboards, workstation, digital signages, printers The remaining proceeds will be used for the repayment of bank borrowings amounting to RM20mil , RM13.1mil for general working capital, RM1.5mil to fund the marketing activities for JOI® while the remaining RM4.7mil to defray the estimated listing expenses.