Dataprep Holdings Bhd announced a private placement to issue minimum of 67,291,666.66666667 shares at an issue price of RM 0.24 for minimum gross proceeds of RM 16,150,000 and maximum of 67,833,333.33333333 shares at an issue price of RM 0.24 per share for maximum gross proceeds of RM 16,280,000 on May 20, 2022. The transaction will include participation from independent third party investors. The shares may be issued based on a discount of not more than 10% to the five-day volume weighted average market price VWAP of its shares immediately preceding the price-fixing date.

The transaction will be completed by the third quarter of 2022.