General Announcement for PLC

30/05/2022

OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "COMPANY") VARIATION AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING

POWERWELL HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "COMPANY")
VARIATION AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING

The Board of Directors of Powerwell (“Board”) wishes to announce that it has resolved to vary the utilisation of proceeds raised from the Company’s initial public offering (IPO) exercise (“Variation”) and extend the timeframe for the use of such proceeds (“Extension”).

 

Please refer to the attachment for the details of the Variation and Extension.

 

This announcement is dated 30 May 2022.


Please refer attachment below.


Announcement Info

Company Name POWERWELL HOLDINGS BERHAD
Stock Name PWRWELL
Date Announced 30 May 2022
Category General Announcement for PLC
Reference Number GA1-27052022-00055


Related Announcements for PWRWELL
Date Title
04/08/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "THE COMPANY") PROPOSED VARIATION AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO") OF POWERWELL
14/06/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "THE COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM94,116,600.00
16/03/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM39,871,820.00
14/03/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM39,871,820.00
22/07/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")
13/07/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM9,588,675.00
14/06/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO USD2.135 MILLION
25/05/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION") - ADDITIONAL INFORMATION
24/05/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "COMPANY") EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO")
20/05/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")