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CWORKS ANNOUNCEMENTS
General Announcement
Reference No MM-070427-61422
Submitting Merchant Bank : MIMB INVESTMENT BANK BERHAD
Company Name : CWORKS SYSTEMS BERHAD (MESDAQ Market)
Stock Name : CWORKS
Date Announced : 27/04/2007


Type : Announcement
Subject : CWORKS SYSTEMS BERHAD ("CWORKS" OR THE "COMPANY")

PROPOSED EXTENSION OF TIME TO FULLY UTILISE PROCEEDS FROM THE LISTING EXERCISE OF CWORKS ON THE MESDAQ MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING EXERCISE")

("PROPOSED EXTENSION")

Contents :

We refer to the announcement dated 20 April 2007 wherein it was announced that the Company had submitted an application to the Securities Commission ("SC") for the Proposed Extension.

On behalf of the Board of Directors of Cworks, MIMB Investment Bank Berhad (formerly known as Malaysian International Merchant Bankers Berhad) wishes to announce that the SC had vide its letter dated 25 April 2007, approved the extension of time to 8 May 2008, for the utilisation of the remaining RM2.101 million proceeds raised pursuant to the Listing Exercise for the purpose of Research and Development expenditure and capital expenditure of the Company.

This announcement is dated 27 April 2007.
 
 
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