TechnoDex proposed private placement form 10% of the issued and paid-up capital of TDEX

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12 February 2016

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TECHNODEX BERHAD (“TDEX” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TDEX (“PROPOSED PRIVATE PLACEMENT”)

We refer to the announcement dated 4 February 2016 in relation to the Proposed Private Placement (“Announcement”).

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those used in the Announcement.

On behalf of the Company, TA Securities wishes to provide further information on the breakdown of the general and administrative expenses of RM250,000 allocated under working capital in the  utilisation of proceeds as set out under the explanatory note (a) in Section 2.6 of the Announcement. The breakdown is as follows:-

RM’000
Leasing of equipment and peripherals for programmers/users requirement 80
Internet usage, server hosting and related expenses 80
Licensing fees, legal cost and other professional fees  50
Recruitment cost such as advertisement, recruitment agency fees and related expenses 30
Office stationery and supplies 10
Total 250

 

As set out in Note (b) of Section 2.6, the Company is in the midst of identifying additional businesses to acquire as part of its business development plan. The Company wishes to clarify that it is in the midst of identifying businesses which are operating in the same industry with the Company and shall be related to the field of IT Security and data-related (which are complementary to the existing operations of TDEX). The Company will make the requisite announcements once the details of the transaction have been identified and confirmed and if required, an extraordinary general meeting will be convened to seek the approval of the shareholders of TDEX for the aforesaid transaction.

This announcement is dated 12 February 2016.

Article Link: http://www.bursamalaysia.com/market/listed-companies/company-announcements/4999017