Based on the IPO Price, gross proceeds of RM35.59 million will be raised from our Public Issue. The proceeds shall accrue entirely to our Company and are intended to be utilised in the following manner:

  Purpose RM'000 % Estimated timeframe for use (from the listing date)
(i) Purchase of new industrial land with building 13,000 36.53 Within 1 year
(ii) Construction of new processing plant with warehousing facilities 6,000 16.86 Within 3 years
(iii) Purchase of new machines 6,000 16.86 Within 3 years
(iv) Working capital 7,786 21.88 Within 1 year
(v) Estimated listing expenses 2,800 7.87 Upon Listing
  Total gross proceeds 35,586 100.00  

* Further details on the utilisation of proceeds are described in Section 3.6 from page 20 to page 21 of Leon Fuat Berhad's Prospectus dated 13 May 2013.