TNG Digital, the operator behind Malaysia's popular TNG eWallet, is considering a domestic Initial Public Offering (IPO) with plans to raise over US$300 million. The company seeks to use these funds to expand its financial services, capitalizing on the widespread adoption of its eWallet, which serves over 18 million users in Malaysia. With backing from prominent investors like Ant Group and local banks, TNG aims to further its growth in digital payments and financial products.
Key Points:
- IPO could raise over US$300 million.
- TNG eWallet has 18+ million users in Malaysia.
- Funds will drive expansion in financial services and digital payments.
