OTHERS Ideal United Bintang International Berhad 1. Proposed renewal of the authority for the purchase of the Company's own ordinary shares of up to ten per centum (10%) of the Company's total number of issued shares ("Proposed Renewal of Share Buy-Back Authority") 2. Authority to issue shares under Sections 75 and 76 of the Companies Act 2016
IDEAL UNITED BINTANG INTERNATIONAL BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | Ideal United Bintang International Berhad 1. Proposed renewal of the authority for the purchase of the Company's own ordinary shares of up to ten per centum (10%) of the Company's total number of issued shares ("Proposed Renewal of Share Buy-Back Authority") 2. Authority to issue shares under Sections 75 and 76 of the Companies Act 2016 |
The Board of Directors of Ideal United Bintang International Berhad ("the Company") wishes to announce that the Company intends to seek the approval of its shareholders for the following at the forthcoming Third Annual General Meeting:-
(i) Proposed renewal of the authority for share buy-back by the Company of up to ten per centum (10%) of its total number of issued shares ("Proposed Renewal of Share Buy-Back Authority); and
(ii) Proposed authority to issue shares under Sections 75 and 76 of the Companies Act 2016.
The Share Buy-Back Statement containing information on the abovementioned Proposed Renewal of Share Buy-Back Authority will be despatched to the shareholders in due course.
This announcement is dated 19 June 2020. |
Announcement Info
Company Name | IDEAL UNITED BINTANG INTERNATIONAL BERHAD |
Stock Name | IDEAL |
Date Announced | 19 Jun 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-19062020-00072 |