1. Utilisation of proceeds raised from public issue
The gross proceeds received from the Initial Public Offering of RM928.0 million in conjunction with the
Company’s listing on Main Market of Bursa Securities on 26 June 2014 have been utilised in the following
manner:
Balance
Proposed
To Date
To Be
Purpose
Utilisation Utilisation
Utilised Deviation
RM’000 RM’000 RM’000
%
Acquisition of plantation lands
420,000
30,500
389,500
N/A
Replanting and capital expenditure
96,000
96,000
-
-
Repayment of advances to Immediate Holding
Company
390,000
390,000
-
-
Share issuance and listing expenses
22,000
21,046
954
4
Total gross proceeds
928,000
537,546
390,454
2. Share buy backs during the financial year
The Company did not carry out any share buy back exercises during the financial year ended 31 December
2015.
3. Options, warrants or convertible securities exercised
The Company did not issue any warrants or convertible securities for the financial year ended 31 December
2015.
4. Depository receipt programme
The Company did not sponsor any depository receipt programme during the financial year ended 31 December
2015.
5. Sanctions/penalties
There were no sanctions and/or penalties imposed on the Company and its Subsidiaries, Directors and
Management by the relevant regulatory bodies during the financial year ended 31 December 2015.
additional
compliance information
an n ual repo rt 2015
13 5
