Necessity of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Return surplus funds to shareholders and enhance overall shareholder returns.
- Optimise the Company’s capital structure.
- Improve financial ratios such as earnings per share and return on equity.
- Enhance long-term shareholder value.
- Provide shareholders the flexibility to either participate in the Buyback for cash or retain their shareholding and benefit from an increased post-buyback ownership.

