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OTHERS KIMLUN CORPORATION BERHAD ("KLCB" OR "THE COMPANY") - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR THE COMPANY AND/OR ITS SUBSIDIARIES TO ENTER INTO RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE WITH RELATED PARTIES; AND - PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO TEN PER CENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES

KIMLUN CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
KIMLUN CORPORATION BERHAD ("KLCB" OR "THE COMPANY")
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR THE COMPANY AND/OR ITS SUBSIDIARIES TO ENTER INTO RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE WITH RELATED PARTIES; AND
- PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES OF UP TO TEN PER CENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES

The Company had at its Thirteenth Annual General Meeting held on 2 June 2022 obtained the authority from its shareholders to enable the Company and its subsidiaries (“Group”) to enter into recurrent related party transactions of a revenue or trading nature which are necessary for the Group’s day-to-day operations as well as for the Company to purchase its own shares of up to ten per cent (10%) of its total number of issued shares (“Shareholders’ Mandates”).

 

The Shareholders' Mandates will expire at the conclusion of the forthcoming Annual General Meeting of the Company. The Company intends to seek its shareholders’ approval for the renewal of Shareholders’ Mandates.

 

A Circular/Statement to Shareholders on the aforementioned proposals will be issued to the shareholders of KLCB in due course.

 

This announcement is dated 31 March 2023.






Announcement Info

Company Name KIMLUN CORPORATION BERHAD
Stock Name KIMLUN
Date Announced 31 Mar 2023
Category General Announcement for PLC
Reference Number GA1-21032023-00015



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