OTHERS ZANTAT HOLDINGS BERHAD ("ZANTAT" OR THE "COMPANY") - EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING
| ZANTAT HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | ZANTAT HOLDINGS BERHAD ("ZANTAT" OR THE "COMPANY")
- EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING |
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The Board of Directors of Zantat ("Board") wishes to announce that the Board has resolved to extend the timeframe for an additional 18 months of up to 30 months from the date of listing for the utilisation of the remaining unutilised IPO Proceeds ("Extension of Time") allocated for the business expansion of Zantat and its subsidiaries, which includes the following:-
(i) Upgrading of research and development ("R&D") facilities; (ii) Upgrading of Calrock Perak Plant's infrastructure; and (iii) Working capital
Further details of the Extension of Time are set out in the attachment enclosed.
This announcement is dated 26 March 2025.
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Please refer attachment below.
Announcement Info
| Company Name | ZANTAT HOLDINGS BERHAD |
| Stock Name | ZANTAT |
| Date Announced | 26 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25032025-00050 |
