KUALA LUMPUR (Feb 5): mTouche Technology Bhd is raising fresh capital of up to RM79.44 million via a cash call to finance its diversification into the distribution and sale of Covid-19 test kits. Meanwhile, it also proposed an extension of time frame for the utilisation of the remaining proceeds raised from the rights issue exercise that was completed in November, 2017. mTouche, in which AirAsia co-founder Datuk Kamarudin Meranun holds a 5.17% stake, has proposed a rights issue which comes with free detachable warrants after the proposed 10-to-one share consolidation exercise. The renounceable rights issue of up to 794.37 million new shares will be on the basis of six rights shares with three free warrant-D for every existing consolidated share held.