Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the earlier announcements in relation to the Private Placement.
On 11 April 2023, the Company had allotted and issued 25,000,000 new ordinary shares at an issue price of RM0.1078 per share pursuant to the first tranche of the Private Placement ("1st Tranche Private Placement").
The Board wishes to announce the quarterly updates on the status of utilisation of proceeds raised from the 1st Tranche Private Placement. Further details are set out in the attachment.
This announcement is dated 25 May 2023.