Reference is made to the proceeds raised from the public issue disclosed in the Company’s Prospectus dated 13 December 2022 issued in conjunction with the Company’s IPO on the ACE Market of Bursa Malaysia Securities Berhad on 6 January 2023 (“Listing”) and Proposed Variation and Extension of Timeframe of the unutilised IPO Proceeds approved by shareholders of the Company at the Extraordinary General Meeting of the Company held on 14 March 2024. The Company raised total gross proceeds of RM50.15 million from the IPO.
The Board of Directors of DS Sigma wishes to announce that it has deliberated and resolved to extend the timeframe for the utilisation of unutilised proceeds allocated for the expansion of operational facilities and the purchase of new machinery and equipment by an additional twenty-four (24) months, and for the construction of the Serendah Factory by an additional twelve (12) months, from the current approved timeframe, from the date of Listing.
Please refer to the attachment for further details.
This announcement is dated 25 June 2025.