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MSM Corporation to lift cash balance as business development opportunities begin

Published: 12:45 17 Nov 2017 AEDT

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The company's shares are in pre-open

MSM Corporation International Ltd (ASX:MSM) is a digital technology and entertainment company.

The company has had a successful first month for its entertainment product like Megastar, with engagement metrics exceeding industry averages by up to 400%.

There have been more than 230,000 downloads in less than five weeks with significant peaks in response to marketing activities.

To advance the next steps, the company is heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Tuesday 21st November 2017, or earlier if an announcement is made to the market.

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