General Announcement

02/04/2009

JF TECHNOLOGY BERHAD (''JF TECH'' OR ''the Company") -EXTENSION OF TIME FOR UTILISATION OF INITIAL PUBLIC OFFERING PROCEEDS ("PROCEEDS") FOR PURCHASE OF RESEARCH AND DEVELOPMENT EQUIPMENT AND MANUFACTURING EQUIPMENT

JF TECHNOLOGY BERHAD

TypeAnnouncement
SubjectJF TECHNOLOGY BERHAD (''JF TECH'' OR ''the Company")
-EXTENSION OF TIME FOR UTILISATION OF INITIAL PUBLIC OFFERING PROCEEDS ("PROCEEDS") FOR PURCHASE OF RESEARCH AND DEVELOPMENT EQUIPMENT AND MANUFACTURING EQUIPMENT
ContentsThe Board of Directors of JF Tech wishes to inform that as at 31 March 2009, an amount of RM4,705,000/- arising from the public issue which was completed on 16 April, 2008, was allocated to purchase the research and development equipment and manufacturing equipment, has yet to be fully utilised for its intended purposes. The Company had utilised RM1,419,000/- as at 31 March, 2009.
The details of the utilisation of proceeds as at 31 March 2009 is reflected in the table below.

As such, the Board of Directors of JF Tech wishes to announce that the Board of Directors had RESOLVED that an extension of time of one (1) year until 15 April, 2010 was approved for the remaining utilisation of proceeds of RM3,286,000/- to purchase the research and development equipment and manufacturing equipment.

This announcement is dated 2 April 2009.

Announcement Info

Company NameJF TECHNOLOGY BERHAD (MESDAQ Market) 
Stock Name JFTECH
Date Announced2 Apr 2009  
CategoryGeneral Announcement
Reference NoCS-090402-94EF0

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