OTHERS PECCA GROUP BERHAD ("PGB" OR "THE COMPANY") - SECOND VARIATION AND EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO")
| PECCA GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PECCA GROUP BERHAD ("PGB" OR "THE COMPANY") - SECOND VARIATION AND EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO") |
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The Company had raised gross proceeds of RM67.87 million from its IPO (“IPO Proceeds”) in conjunction with the listing of and the quotation of its entire share capital on the Main Market of Bursa Malaysia Securities Berhad on 19 April 2016.
Based on the Company’s announcement made on 23 April 2018, the Board has approved the first variation of utilisation of IPO proceeds amounting to RM6.6 million to the working capital of the Company and the extension of time for the utilisation of IPO proceeds amounting to RM2.62 million for another 24 months from 19 April 2018.
Further to the announcement made on 23 April 2018 and based on the Company’s records as at 17 April 2020, the remaining unutilised IPO proceeds is at RM5.18 million.
The Board wishes to announce that the Board has approved the second variation of the utilisation of IPO Proceeds amounting to RM2.05 million to the working capital of the Company and the extension of timeframe for the utilisation of IPO Proceeds amounting to RM5.18 million for another 24 months from 19 April 2020, i.e. 19 April 2022.
Please refer to the attachment for further details.
This announcement is dated 17 April 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | PECCA GROUP BERHAD |
| Stock Name | PECCA |
| Date Announced | 17 Apr 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15042020-00044 |