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Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions

BackFeb 26, 2020
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description

PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE AND ADDITIONAL MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Knusford Berhad ("KB" or "the Company") wishes to announce that in accordance with Chapter 10.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad on Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPTs"), the Board of Directors of KB proposes to seek Shareholders' approval for the proposed renewal of shareholders' mandate and additional mandate for KB and its subsidiaries to enter into RRPTs at the forthcoming 24th Annual General Meeting ("AGM") of the Company.

At the AGM held on 20 June 2019, the Shareholders of the Company had granted a mandate for KB and its subsidiaries to enter into RRPTs.  The said mandate if not renewed will lapse at the conclusion of the forthcoming 24th AGM.

The proposed renewal of the mandate and additional mandate will take effect from the date of passing the relevant resolution at the forthcoming 24th AGM until the conclusion of the next AGM in 2021.

A Circular to Shareholders of KB setting out the details of the above proposal and the resolution pertaining thereto will be despatched to the Shareholders in due course.





Announcement Info

Company Name KNUSFORD BERHAD
Stock Name KNUSFOR
Date Announced 26 Feb 2020
Category General Announcement for PLC
Reference Number GA1-26022020-00049