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OTHERS Brem Holding Berhad (Brem or the Company) Extension of Time for Issuance of Annual Report 2020 and Corporate Governance Report 2020, Circular/Statement to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature and Proposed Renewal of Authority for the Company to Purchase its Own Ordinary Shares

BREM HOLDING BERHAD

Type Announcement
Subject OTHERS
Description
Brem Holding Berhad (Brem or the Company)
Extension of Time for Issuance of Annual Report 2020 and Corporate Governance Report 2020, Circular/Statement to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature and Proposed Renewal of Authority for the Company to Purchase its Own Ordinary Shares

Reference is made to the Movement Control Order (“MCO”) imposed by the Malaysian Government which was effective from 18 March 2020 and several extensions until 31 August 2020 to contain the spread of the COVID-19 outbreak. Hence, the audit of the Financial Statements for the financial year ended 31 March 2020 ("AFS”) of the Company was affected and therefore, the AFS could not be finalised in time for inclusion in the 2020 Annual Report for issuance within the stipulated deadline of 31 July 2020.

 

Due to the MCO, Bursa Malaysia Securities Berhad (“the Exchange”) has vide its letter dated  6 May 2020, granted an extension of time of one month until 31 August 2020 for listed corporations to issue their annual reports that include the annual audited financial statements and the auditors’ and directors’ reports (“AR”) which are due by 31 July 2020.

 

In view of the above, the Board of Directors of Brem wishes to announce that the Company will utilise the extension of time granted by the Exchange and to ensure that the 2020 AR together with the Corporate Governance Report 2020, Circular/Statement to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature and Proposed Renewal of Authority for Share Buy-Back are issued in due course.

 

This announcement is dated 4 August 2020.






Announcement Info

Company Name BREM HOLDING BERHAD
Stock Name BREM
Date Announced 04 Aug 2020
Category General Announcement for PLC
Reference Number GA1-04082020-00034