WELLCHIP

1.400

(%)

OTHERS WELL CHIP GROUP BERHAD ("WELL CHIP" OR "THE COMPANY") EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING

WELL CHIP GROUP BERHAD

Type Announcement
Subject OTHERS
Description 
WELL CHIP GROUP BERHAD ("WELL CHIP" OR "THE COMPANY") 
EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING

Reference is made to the proceeds as disclosed in the Company's Prospectus dated 26 June 2024 issued in conjunction with the Company's Initial Public Offering ("IPO") on the Main Market of Bursa Malaysia Securities Berhad ("Listing") on 24 July 2024. The Company has raised total gross proceeds of RM172.50 million from the IPO. 

 

The Board of Directors ("Board") now wishes to announce that it has deliberated and resolved to extend the utilisation period for the remaining IPO Proceeds by an additional twelve (12) months, from 23 July 2026 to 22 July 2027 ("the Extension").

 

Please refer to the attachment for further details.

 

This announcement is dated 16 April 2026.


Please refer attachment below.

Attachments

Well Chip - Extension of Time_IPO Proceeds.pdf
112.6 kB


Announcement Info

Company Name WELL CHIP GROUP BERHAD
Stock Name WELLCHIP
Date Announced 16 Apr 2026
Category General Announcement for PLC
Reference Number GA1-14042026-00029


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