Edelteq reallocates up to RM 20.4 million in placement proceeds to working capital

Edelteq Holdings plans to redirect up to RM 20.4 million in private placement proceeds from debt repayment to working capital. The proposed placement targets approximately RM 26.75 million at an illustrative issue price of RM 0.297 per share. Working capital allocations include up to RM 19.19 million for automated test equipment and RM 5.97 million for IC assembly consumables. The group will prioritize automated test equipment and precision machining, scaling down selected lower-margin assembly and testing programs. Technology development will expand into telecommunications and electrical and electronics, targeting new test handlers and assembly equipment. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Edelteq Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3715099) on October 15, 2026, and is solely responsible for the information contained therein. (C) Copyri