Online lottery company successful in raising new capital
News on 20 Jul 2016
News on 20 Jul 2016
The UK-based but China-facing DJI Holdings online lottery and processing firm has made good on its plan to raise further capital, attracting an additional GBP 11.5 million in its third placing in three months.
The company has previously revealed that it intends to use the new infusion to fund its move into China’s huge mobile payments market (see previous report).
“DJI will not only benefit from a significant proportion of its shareholder base now being held by leading funds, but this capital will enable the Group to accelerate further its repositioning as an internet technology provider with a secure, versatile platform and rapidly expanding databases,” a statement by the company Monday explained.
DJI is now valued at GBP 230 million, and the company is planning “additional contracts with significant potential” following its April deal to support the Xinhua News Agency’s utility payments app, which targets 300 million Chinese users and presents further partnership opportunities for DJI.
