annual report 2014
I
43
1.
UTILISATION OF PROCEEDS FROM CORPORATE EXERCISES (cont’d)
Rights Issue in 2014
Total gross proceeds raised amounted to RM84.7 million (equivalent to approximately RM153.05 million). The status
of utilisation is as follows:
(In RM)
Purpose
Intended
Timeframe
Proposed
Utilisation
RM’000
Actual
Utilisation
RM’000
Deviation
Amount
RM’000
%
i)
Construction of the
second stage of the
new Design &
Production Centre
Within
3 years
83,700
–
83,700
100 N2
ii)
Estimated expenses
in relation to the
Proposals
Immediate
1,000
1,000
–
–
84,700
1,000
83,700
(In RMB)
Purpose
Intended
Timeframe
Proposed
Utilisation
RM’000
Actual
Utilisation
RM’000
Deviation
Amount
RM’000
%
i)
Construction of the
second stage of the
new Design &
Production Centre
Within
3 years
151,246
–
151,246
100 N2
ii)
Estimated expenses
in relation to the
Proposals
Immediate
1,807
1,807
–
–
153,053
1,807
151,246
N2 The proposed building plan for the construction of the second stage of new Design & Production Centre has
been submitted to the relevant authorities in China and is still under their assessment. The utilisation for the
funds raised is expected to be within three (3) years from the commencement of Stage 2 Construction.
2.
SHARE BUY-BACK
There was no share buy-back during the financial year.
3.
OPTIONS OR CONVERTIBLE SECURITIES
During the financial year ended 31 December 2014, none of the Warrants issued by the Company have been exercised.
Additional Corporate Disclosure (Cont’d)
