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

ADVANCECON HOLDINGS BERHAD

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

Reference is made to the Company’s announcement announced on 29 August 2018. Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the earlier announcement.


The Board of Directors (“the Board”) of Advancecon Holdings Berhad (“Advancecon” or “the Company”), wishes to announce that they have approved the variation of the utilisation of IPO proceeds amounting to RM555,000 and the extension of time for utilisation of IPO proceeds amounting to RM14,090 million from 24 months to 36 months, from 29 August 2018 (“First Variation”).


Please refer to the details of the announcement as attached.


This announcement is dated 26 August 2020.




Please refer attachment below.



Announcement Info

Company Name ADVANCECON HOLDINGS BERHAD
Stock Name ADVCON
Date Announced 26 Aug 2020
Category General Announcement for PLC
Reference Number GA1-26082020-00146




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