TASHIN

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OTHERS TASHIN HOLDINGS BERHAD ("THB" OR "THE COMPANY") - REVISION AND EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO")

TASHIN HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
TASHIN HOLDINGS BERHAD ("THB" OR "THE COMPANY") - REVISION AND EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO")

The Company had raised gross proceeds from its IPO in conjunction with the listing of and quotation for its entire share capital on the ACE Market of Bursa Malaysia Securities Berhad on 1 August 2019 (“IPO Proceeds”) amounting to RM34.41 million.

 

The Board of Directors of the Company (“the Board”) had on:

 

  • 5 March 2020 approved the extension of time for the utilisation of IPO Proceeds amounting to RM25.25 million;
  • 27 January 2021 approved the revision and further extension of time for the utilisation of IPO Proceeds amounting to RM25.25 million;
  • 23 April 2021 announced that Tashin Hardware Sdn. Bhd. had entered into a sale and purchase agreement with CSC Steel Sdn. Bhd. for the acquisition of 2 contiguous pieces of industrial land and building; and
  • 30 December 2021 approved the further extension of time for the utilisation of IPO Proceeds amounting to RM21.65 million.

 

The Board wishes to announce that the Board had approved the revision and extension of time for the utilisation of IPO Proceeds amounting to RM8.046 million on the date of this announcement.

 

Please refer to the attachment for further details.

 

This announcement is dated 15 December 2022.




Please refer attachment below.



Announcement Info

Company Name TASHIN HOLDINGS BERHAD
Stock Name TASHIN
Date Announced 15 Dec 2022
Category General Announcement for PLC
Reference Number GA1-02122022-00074