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Kucingko went public in July 2024, raising RM30 million. As of now, they still have RM20.99 million unutilized. Most of this is earmarked for capacity expansion and a USA sales office—meaning they have plenty of "dry powder" to fund their future growth.
If Korea revenue is shooting up, their strategy must be hitting the mark, maybe they're riding the K-wave wave like you say. Gotta see if this K-pop connection can sustain the growth or if it's just a temporary hype