News

OTHERS

BackNov 22, 2013
Type Announcement
Subject OTHERS
Description PRESTARIANG BERHAD (“PRESBHD” OR “COMPANY”) - VARIATION TO THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING (“IPO”)
Reference is made to the announcement dated 20 November 2013 in relation to the variation to the utilisation of proceeds raised from the public issue pursuant to the IPO.
Further thereto, we wish to announce the following additional details:-
Details Proceeds raised
from the IPO		 Amount utilized as at 30 September 2013 Variation to the utilisation of the Proceeds Revised utilization of the Proceeds
RM’000
RM’000
RM’000
RM’000
Capital Expenditure
2,500
2,436
64
None
R&D Expenditure*
6,500
2,536
3,964
None
Working Capital
6,200
6,200
-
None
Repayment of Term Loan
1,600
1,690
(90)
None
Estimated listing expenses
3,000
3,428
(428)
None
Total
19,800
16,290
3,510
-

* As disclosed in the Prospectus dated 28 June 2011 (“Prospectus”), the Company has intended to utilise the balance of approximately RM3.964 million of the proceeds for the funding of future development on Research and Development costs particularly in developing and customising new titles that cover the English language learning and certification programme, Islamic finance learning and certification programme as well as Green IT certification programme.

The Company now wishes to change the utilisation for the Islamic finance learning and certification programme to be earmarked for development and customisation of a new title to oil and gas training and certification.


This announcement is dated 22 November 2013.

 

Announcement Info

Company Name PRESTARIANG BERHAD  
Stock Name PRESBHD    
Date Announced 22 Nov 2013  
Category General Announcement
Reference No CS-131122-5ECB0