XOX Networks reallocates RM 1.29 million from digital media platform to working capital

Bitget2026/11/02 10:15

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XOX Networks plans to redirect RM 1.29 million in remaining private placement proceeds from a digital media platform to working capital.
The allocation includes RM 1 million for staff costs, with RM 293,000 earmarked for other operating expenses.
Funding will support ongoing operations, including event management and event equipment leasing, amid challenges securing new projects.
The proposed utilization deadline is December 28, 2027, versus December 28, 2026, for the digital media platform allocation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XOX Networks Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3721443) on November 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.

华尔街见闻•2026/11/12 15:31