ELRIDGE

0.970

-0.32 (-24.8%)

OTHERS Elridge Energy Holdings Berhad ("Elridge Energy" or "the Company") - Extension of Time for the Utilisation of Proceeds raised from the Initial Public Offering

ELRIDGE ENERGY HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Elridge Energy Holdings Berhad ("Elridge Energy" or "the Company") - Extension of Time for the Utilisation of Proceeds raised from the Initial Public Offering

Reference is made to the Company's initial public offering ("IPO”) prospectus dated 6 August 2024 ("IPO Prospectus"), that was issued in conjunction with the listing of and quotation for the Company’s entire issued share capital on the ACE Market of Bursa Malaysia Securities Berhad on 22 August 2024.

 

The Board of Directors of the Company ("Board") wishes to announce that it has deliberated and resolved to extend the timeframe for the utilisation of the IPO proceeds of RM47.00 million allocated for the following:

 

i) RM20.00 million allocated for the “Land acquisition cost”; and

ii) RM27.00 million allocated for the “Construction cost”,

 

in relation to the construction of new factory and warehouse in Kuantan for an additional 12 months from their respective original timeframe from the date of listing on 22 August 2024 (“Extension of Time”).

 

Further details of the Extension of Time are set out in the attachment.

 

This announcement is dated 27 November 2025.

 




Please refer attachment below.



Announcement Info

Company Name ELRIDGE ENERGY HOLDINGS BERHAD
Stock Name ELRIDGE
Date Announced 27 Nov 2025
Category General Announcement for PLC
Reference Number GA1-27112025-00018