MCEMENT

4.960

-0.04 (-0.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS PROPOSED RENEWAL OF SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") ("PROPOSED SHAREHOLDER MANDATE RENEWAL")

MALAYAN CEMENT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
PROPOSED RENEWAL OF SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") ("PROPOSED SHAREHOLDER MANDATE RENEWAL")

At the Extraordinary General Meeting of Malayan Cement Berhad (formerly known as Lafarge Malaysia Berhad) (the “Company”) held on 23 January 2020, shareholders gave their approval for the Company and its subsidiaries to enter into RRPT with YTL Cement Berhad (“YTL Cement”) and its group (including joint ventures and associated companies) (“YTL Cement Group”) (“Shareholder Mandate”). 

 

The Board of Directors wishes to announce that the Company intends to seek shareholders’ approval at an Extraordinary General Meeting of the Company to be convened to consider a renewal of the Shareholder Mandate.

 

A circular to shareholders containing details of the Proposed Shareholder Mandate Renewal will be issued in due course.






Announcement Info

Company Name MALAYAN CEMENT BERHAD
Stock Name MCEMENT
Date Announced 28 Aug 2020
Category General Announcement for PLC
Reference Number GA1-10082020-00054