OTHERS METRONIC GLOBAL BERHAD ("MGB" OR "THE COMPANY") - EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM PRIVATE PLACEMENT
| METRONIC GLOBAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | METRONIC GLOBAL BERHAD ("MGB" OR "THE COMPANY") - EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM PRIVATE PLACEMENT |
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Reference is made to the Company’s circular to shareholders dated 27 May 2021 ("circular") in relation to the Private Placement. The Company had on 19 September 2023 and 26 September 2024 extended the timeframe for the utilization of the proceeds raised from the Private Placement.
The Board of Directors of Metronic wishes to announce that as at 26 September 2025, the Company has yet to fully utilize the proceeds raised from the Private Placement and requires additional time to fully utilise the balance of proceeds amounting to RM15,428,000, which was earmarked for funding for business acquisition.
Please refer to the attachment for further details.
This announcement is dated 26 September 2025.
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Please refer attachment below.
Announcement Info
| Company Name | METRONIC GLOBAL BERHAD |
| Stock Name | MTRONIC |
| Date Announced | 26 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25092025-00046 |