Attika Group Ltd. Issues Update on Utilisation of IPO Net Proceeds

Key Highlights

• Attika Group Ltd. has released an update on the utilisation of funds raised from its Initial Public Offering (IPO).
• The total IPO net proceeds were S\$2.22 million.
• As of 19 December 2025, S\$1.336 million has been utilised, leaving a remaining balance of S\$884,000.

Detailed Breakdown of IPO Fund Utilisation

Important Information for Shareholders

• The largest portion of the IPO proceeds has been allocated to the property business, with S\$1.258 million already utilised and S\$606,000 remaining. This indicates a strong focus on property-related growth and investments.
• The funds for acquisition of new equipment, plant, and machinery remain untouched (S\$100,000), suggesting potential future capital expenditure, which could have a positive impact on operational capacity and business expansion.
• Utilisation for general working capital has mainly covered professional fees and directors’ fees (S\$78,000 used, S\$178,000 remaining). This is typical, but investors should note the transparency in how administrative costs are being funded.
• No deviation from the intended use of proceeds as outlined in the company’s circular dated 11 April 2025. This is reassuring for shareholders as it reflects disciplined financial management and adherence to strategic plans.

Potential Price Sensitive Issues

• If the remaining funds for acquisition of new equipment and property business are deployed for strategic investments or expansion, this could be a catalyst for future growth and potentially impact share value positively.
• Shareholders should monitor subsequent announcements closely for updates on capital expenditure or property investments, as these could materially affect the company’s future earnings and overall valuation.
• The transparency and alignment with previously disclosed plans may be seen as a positive signal for corporate governance and strategic execution.

Corporate Governance and Sponsor Review

This announcement was reviewed by the Company’s sponsor, RHB Bank Berhad, in accordance with regulatory requirements. However, it has not been examined or approved by the Singapore Exchange (SGX-ST), which does not assume responsibility for its contents. Investors should always consult the company’s official disclosures and exercise due diligence.

Contact Information

For further enquiries, the contact person for the Sponsor is Mr Alvin Soh, Head, Corporate Finance, RHB Bank Berhad, at 90 Cecil Street, #03-00 RHB Bank Building, Singapore 069531. Telephone: +65 6320 0627.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any securities. Investors should consult their own financial advisors and review official company announcements before making investment decisions. The information herein is based on the latest company disclosures as of 19 December 2025 and may be subject to change.

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