FAVCO

2.100

-0.01 (-0.5%)

OTHERS Favelle Favco Berhad ("FFB" or "the Company") (i) Proposed Renewal of Authority for Share Buy-Back (ii) Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

FAVELLE FAVCO BERHAD

Type Announcement
Subject OTHERS
Description
Favelle Favco Berhad ("FFB" or "the Company")
(i) Proposed Renewal of Authority for Share Buy-Back
(ii) Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

The Board of Directors of FFB wishes to announce that the Company intends to seek shareholders’ approval  for the following at the forthcoming Twenty-Eighth Annual General Meeting of the Company:-

 

(i) Proposed Renewal of Authority for Share Buy-Back; and

(ii) Proposed Renewal of the Existing Shareholders’ Mandate and Proposed New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature 

 

(Collectively referred to as “Proposals”)


The Statement/Circular to Shareholders which sets out details of the abovementioned proposals will be issued in due course.

 

This announcement is dated 24 July 2020.






Announcement Info

Company Name FAVELLE FAVCO BERHAD
Stock Name FAVCO
Date Announced 24 Jul 2020
Category General Announcement for PLC
Reference Number GA1-16042020-00040