AGX

0.560

+0.005 (+0.9%)

OTHERS AGX Group Berhad ("AGX" or the "Company") - Further Extension of Time for the Utilisation of Proceeds raised from the Initial Public Offering

AGX GROUP BERHAD

Type Announcement
Subject OTHERS
Description
AGX Group Berhad ("AGX" or the "Company") - Further Extension of Time for the Utilisation of Proceeds raised from the Initial Public Offering

Reference is made to the Company’s IPO Prospectus, which was issued in conjunction with the listing of and quotation for the Company’s entire share capital on the ACE Market of Bursa Malaysia Securities Berhad on 7 February 2024 and the announcement dated 13 January 2025.

 

On 13 January 2025, the Company announced that the Board resolved to extend the timeframe for utilisation of IPO Proceeds of RM8.70 million allocated for business expansion, for an additional 12 months, up to 6 February 2026.

 

As at 31 December 2025, the Company has remaining IPO Proceeds of RM2.86 million yet to be utilised. The IPO Proceeds were allocated for the abovementioned business expansion, for the purposes of expanding the physical presence in Malaysia and South Korea by establishing new warehouses and offices.

 

Pursuant thereto, the Board has deliberated and resolved to further extend the timeframe for the utilisation of the IPO Proceeds allocated for business expansion, for an additional 12 months, up to 6 February 2027 (“Extension of Time”).

 

Further details of the Extension of Time are set out in the attachment.

 

This announcement is dated 30 January 2026.




Please refer attachment below.



Announcement Info

Company Name AGX GROUP BERHAD
Stock Name AGX
Date Announced 30 Jan 2026
Category General Announcement for PLC
Reference Number GA1-30012026-00010