Kronologi to raise funds for expansion

Teo: ‘Companies are spending more on disaster recovery and continuity to minimise business interruption.’

KUALA LUMPUR: Enterprise data management (EDM) firm Kronologi Asia Bhd plans to raise funds to meet the capital requirements of its regional expansion plans in the medium-term.

While there are no indications if the Ace market-listed group is raising funds via the capital market, internally-generated funds or bank borrowings, acting CEO and chief technology officer Philip Teo said that Kronologi would commence the fund raising exercise during the current quarter.