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We intend to allocate RM14.90 million representing 51.74% of the gross proceeds from
our Public Issue for the repayment of 2 term loans, i.e. Term Financing 1 and Term
Financing 2 (hereinafter refers to the “Banking Facilities”) which are utilised to part
finance the acquisition of New Serendah Land and the construction of New Serendah
Factory
