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Does mDR warrant a second look ahead of expansion into new businesses?

Stanislaus Jude Chan
Stanislaus Jude Chan4/24/2018 12:19 PM GMT+08  • 3 min read
Does mDR warrant a second look ahead of expansion into new businesses?
SINGAPORE (Apr 24): NRA Capital says mobile phones distributor mDR could soon be more exciting, as it buys into future growth with a change in business direction.
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SINGAPORE (Apr 24): NRA Capital says mobile phones distributor mDR could soon be more exciting, as it buys into future growth with a change in business direction.

At an extraordinary general meeting (EGM) this Friday, Apr 27, will seek shareholders’ approval to conduct a rights-cum-warrants issue to raise funds ahead of its planned expansion into new businesses in property and investment.

For the FY17 ended December, the mobile handset and accessories distributor, retailer and aftermarket services provider saw its gross profit fall 2% to $27.3 million in FY17, even as revenue rose 4% to $275.0 million.

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