Digital marketing solutions provider MCOM seeks LEAP listing
The company, which specialises in the mobile advertising platform and mobile payment solutions, intends to place out 18.86 million shares representing 10% of its enlarged share capital to selected sophisticated investors.
Proceeds from the proposed listing will be used primarily to increase automation in the company’s mobile advertising platform, enhance mobile advertising solution infrastructure, and for capital expenditure to set up essential facilities to offer wired and wireless Internet services in Cambodia.
MCOM’s subsidiary holds an Internet Service Provider (ISP) licence to establish and provide Internet services in Cambodia. It also has a data centre and network operating centre in Phnom Penh.