Gdex to allocate record high capex of RM50m in FY19, says MD
SHAH ALAM (Dec 6): GD Express (GDex) Carrier Bhd is allocating higher capital expenditure (capex) of RM50 million for the financial year ending June 30,2019 (FY19), some 66.67% higher than it spent for FY18 (approximately of RM30 million).
"We have much bigger allocation for the capex in FY19, which is close to RM50 million, its the biggest (spending) so far," Teong Teck Lean, GDex's managing director cum chief executive officer, told the press after the annual general meeting (AGM) here.
Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has raised a new fund of its own to continue scaling globally. The $115 million first close was led by a number of leading (mostly unnamed) institutional investors across the U.S., Europe and Asia, […]