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 |