UTILISATION OF PROCEEDS. The proceeds from the Sale will be used for working capital requirements of SDBH.
UTILISATION OF PROCEEDS. The proceeds from the Proposed Disposal will be utilised to meet the ULHB Group’s working capital requirements.
UTILISATION OF PROCEEDS. The proceeds received from the Disposal will be mainly used for working capital requirements of Comcorp group of companies (“Group”), which may include, amongst others, payment of staff costs, statutory contributions as well as other operating expenses.
UTILISATION OF PROCEEDS. Upon Completion, the proceeds from the sale of the Put-Option Shares of USD20.0 million (equivalent to RM89.51 million) are intended to be utilised as follows:- Proposed utilisation of proceeds RM‟000 (i)Estimated timeframe for utilisation Repayment of existing borrowings (ii)67,133 Within 12 months General working capital purposes (iii)21,877 Within 12 months Estimated expenses for the Proposed Settlement Agreement (iv)500 Within 3 months
(i) From the Completion Date.
(ii) For illustrative purposes, the repayment of bank borrowings could result in an estimated interest savings of approximately RM2.11 million per annum based on an effective interest rate of approximately 3.15% per annum.
(iii) The general working capital requirement of Perisai Group includes but is not limited to office overheads and operating expenditure such as staff salaries and personnel related costs, office rental, payment for utilities, professional fees and office related expenses.
(iv) The estimated expenses comprise professional fees, fees to be paid to the relevant authorities, printing and advertising charges and miscellaneous charges. If the actual expenses incurred are higher than the amount budgeted, the deficit will be funded out of the portion allocated for working capital. Conversely, if the actual expenses are lower than the amount budgeted, the excess will be utilised for working capital. Proceeds from the Deferred Payment Amount are expected to be utilised for repayment of bank borrowings and/or general working capital purposes.
UTILISATION OF PROCEEDS. The cash proceeds from the Proposed Joint Venture will be received based on the progressive manner as described in Section 3.2 of this announcement. Based on the maximum APSB’s Entitlement of RM329,999,999, the Gadang Group intends to utilise the proceeds from the Proposed Joint Venture in the following manner:- Purpose RM Estimated timeframe for utilisation from the date of receipt (i) Acquisition of new land banks (1) 100,000,000 Within 36 months (ii) Part-financing of existing projects (2) 65,000,000 Within 36 months (iii) New investments of the Group (3) 60,000,000 Within 36 months
UTILISATION OF PROCEEDS. All moneys recovered or received by the Assignee from the enforcement of the security hereby created shall be applied by the Assignee in any manner as it shall deem fit, in satisfaction of the Indebtedness payable by the Assignor under the Facility Agreement and the surplus thereof (if any) shall be paid by the Assignee to the Assignor.
UTILISATION OF PROCEEDS. The total cash proceeds from the Proposed Disposal of RM56,089,234 is expected to be utilised for the working capital, initial capital outlay for new land acquisition and/or payment for joint venture arrangement and/or repayment of bank borrowings of Ivory Group within six (6) months from the Completion Date (as defined in Paragraph 7.2.2 below). The exact manner in which the proceeds is going to be utilised is yet to be determined as at now.
UTILISATION OF PROCEEDS. The proceeds from the Disposal Consideration would be repatriated to Malaysia to pare down Group borrowings after obtaining the approval from the Vietnam authority.
UTILISATION OF PROCEEDS. Raised from Any Corporate Proposal
UTILISATION OF PROCEEDS. For the avoidance of doubt, there will be no material change and variation to the proposed utilisation of proceeds of the Notes Issue as approved by XXXX’s shareholders at the EGM. For information purpose, the Company will use the proceeds raised from the Notes Issue in the manner as set out in Section 2.9 of the Previous Circular.
