Dotlines lands MYR 7M debt facility from OSK Ventures for Sohoj platform
What's the deal? Dotlines Global Limited has secured a MYR 7 million (roughly $1.3 million) loan facility from OSK Ventures ET Fund I Ltd (OSKVI)Dealroom has a profile for this one. Try Dealroom → for its Malaysian subsidiary. The AIM-listed technology group will use the money to bulk-purchase airtime, data top-ups, and airline tickets sold on its SohojDealroom has a profile for this one. Try Dealroom → platform.
Why now? Bulk buying lets Dotlines lock in higher margins and tighter supplier relationships. The facility carries a 16% annual interest rate plus an arrangement fee, with a minimum 12-month term and repayment over 24 months.
What's the endgame? OSKVI is part of a Bursa Malaysia-listed venture and private equity group with more than 20 years of history and a portfolio of over MYR 325 million across roughly 55 technology and growth-stage investments in Southeast Asia. Dotlines' board sees it as a "potentially valuable long-term partner" for its Malaysian market expertise and ability to provide both debt and equity.
The details: On full drawdown, OSKVI will receive 835,884 new ordinary shares — equal to 7% of the drawn amount — at 10.72 pence each, the 30-day volume-weighted average price. The shares are set for AIM admission on or around September 15, 2026, lifting total voting rights to 610,169,675.
What could go wrong? The debt sits alongside personal guarantees from executive chairman Mahbubul Matin and chief financial officer Mohammad Monsurul Hoq Sazzad, both treated as related party transactions under AIM rules. Terms also require Matin to keep at least a 50% shareholding.
The signal: The quick re-raise, blending debt with equity from a single Southeast Asian backer, shows Dotlines leaning on a repeat funder to scale Sohoj rather than tapping wider capital markets.
Read more: investegate.co.uk
Image credit: Generated with Gemini
