Newsroom

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcement dated 19 December 2017 in relation to the Proposed Private Placement (“Announcement”))

We refer to the Announcement in relation to the Proposed Private Placement.

On behalf of the Board of Directors of TDEX, AIliance Investment Bank Berhad wishes to provide additional information in relation to Section 2.6 of the Announcement.

1. Working capital

The working capital amount will be mainly used to fund the Group’s day-to-day operations which may include payment of staff related expenses (e.g. salaries, bonuses and allowances), general sales & marketing expenses, and administrative expenses such as application of work permits and office overheads (utilities, general office supplies and sundry). The breakdown of which is yet to be determined.

This announcement is dated 26 December 2017.