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OTHERS BINASAT COMMUNICATIONS BERHAD (BINASAT OR COMPANY) EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS FROM THE INITIAL PUBLIC OFFERING

BINASAT COMMUNICATIONS BERHAD

Type Announcement
Subject OTHERS
Description
BINASAT COMMUNICATIONS BERHAD (BINASAT OR COMPANY)
EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS FROM THE INITIAL PUBLIC OFFERING

The Board of Directors of the Binasat (“Board”) wishes to announce it has deliberated and resolved to extend the timeframe for the utilisation of the remaining unutilised IPO Proceeds allocated for working capital for an additional six months (“Extension of Time”) to 8 July 2020 raised from the initial public offering (“IPO”) as disclosed in the Company’s Prospectus dated 13 December 2017 that was issued in conjunction with the Company’s listing on the ACE Market of Bursa Malaysia Securities Berhad on 8 January 2018. 

 

Please refer to the attachment for further details.

 

This announcement is dated 28 February 2020.




Please refer attachment below.



Announcement Info

Company Name BINASAT COMMUNICATIONS BERHAD
Stock Name BINACOM
Date Announced 28 Feb 2020
Category General Announcement for PLC
Reference Number GA1-28022020-00166




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