TECHBND

0.400

-0.005 (-1.2%)

OTHERS TECHBOND GROUP BERHAD ("TECHBOND" OR "THE COMPANY") - EXTENSION OF TIME FOR THE UTILISATION OF INITIAL PUBLIC OFFERING PROCEEDS RAISED

TECHBOND GROUP BERHAD

Type Announcement
Subject OTHERS
Description
TECHBOND GROUP BERHAD ("TECHBOND" OR "THE COMPANY")
- EXTENSION OF TIME FOR THE UTILISATION OF INITIAL PUBLIC OFFERING PROCEEDS RAISED

Reference is made to the utilisation of proceeds raised from the Initial Public Offering ("IPO") as disclosed in the Company's Prospectus dated 13 November 2018.

 

As of the date of this announcement, the Company has yet to fully utilise the IPO proceeds. The Board of Directors of TECHBOND ("Board") wishes to announce that the Board has resolved to extend the time frame for the utilisation of the remaining unutilised IPO proceeds allocated for working capital for the expansion of Vietnam operations for an additional twelve (12) months up to thirty six (36) months from the date of listing of TECHBOND.

 

Please refer to the attachment for the details of the announcement.

 

This announcement is dated 9 September 2020




Please refer attachment below.



Announcement Info

Company Name TECHBOND GROUP BERHAD
Stock Name TECHBND
Date Announced 09 Sep 2020
Category General Announcement for PLC
Reference Number GA1-01092020-00089