ITMAX

2.260

+0.01 (+0.4%)

OTHERS ITMAX SYSTEM BERHAD ("ITMAX" OR THE "COMPANY") - EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING EXERCISE

ITMAX SYSTEM BERHAD

Type Announcement
Subject OTHERS
Description
ITMAX SYSTEM BERHAD ("ITMAX" OR THE "COMPANY") - EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING EXERCISE

(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the IPO Prospectus of ITMAX dated 25 November 2022 (“IPO Prospectus”).)

 

The Board of Directors of the Company (“Board”) wishes to announce that it had on 13 December 2023 deliberated and resolved the following matters:-

 

  1. To extend the timeframe for the utilisation of the remaining unutilised IPO Proceeds allocated for working capital for an additional twelve (12) months to twenty-four (24) months from the date of Listing (“Extension of Time”); and
     
  2. To re-allocate the surplus amounts for the repayment of borrowings and the defray fees and expenses for our IPO and our Listing to working capital.

 

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


This announcement is dated 13 December 2023.

 




Please refer attachment below.



Announcement Info

Company Name ITMAX SYSTEM BERHAD
Stock Name ITMAX
Date Announced 13 Dec 2023
Category General Announcement for PLC
Reference Number GA1-08122023-00039