On 9 January 2023, MIDF Amanah Investment Bank Berhad (“MIDF Investment“) had, on behalf of the Board of Directors of PEB, submitted an application to Bursa Securities for modification of compliance with Paragraph 8.03(4) of the Listing Requirements to withdraw RM1.80 million from the custodian account (“Application”).

On behalf of the Board of Directors of PEB, MIDF Investment wishes to announce that Bursa Securities has, via its letter dated 10 February 2023, decided to allow PEB to withdraw RM1.80 million from the custodian account.

The approval is subject to the following conditions:

(i)      The withdrawal is to be utilized in accordance with the manner as highlighted in the Application; and

(ii)      The withdrawal can only be made as and when the amounts are actually incurred and falling due and payable. The request for the withdrawals must be accompanied with the relevant supporting documents to be presented to the custodians.

This announcement is dated 10 February 2023.