MELEWAR

0.250

-0.005 (-2%)

OTHERS MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" OR "THE COMPANY") (i) PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY; (ii) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROVISION OF FINANCIAL ASSISTANCE; (iii) AUTHORITY TO ISSUE AND ALLOT SHARES PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016; AND (iv) PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY

MELEWAR INDUSTRIAL GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" OR "THE COMPANY")
(i) PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY;
(ii) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROVISION OF FINANCIAL ASSISTANCE;
(iii) AUTHORITY TO ISSUE AND ALLOT SHARES PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016; AND
(iv) PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY

The Board of Directors of MIG wishes to announce that the Company will seek approval from its shareholders at the forthcoming Annual General Meeting ("AGM") for
the following:


(i) Proposed Renewal of Share Buy-Back Authority;
(ii) Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature and Provision of Financial Assistance;
(iii) Authority to Issue and Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016; and
(iv) Proposed Amendments to the Constitution of the Company.
(collectively referred to as "the Proposals")


In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the existing shareholders' mandate approved by the shareholders at
the previous AGM held on 29 November 2019 in respect of Proposals (i) to (iii) above shall lapse at the conclusion of the forthcoming AGM, unless renewal is
obtained from the shareholders of MIG at the forthcoming AGM of the Company.

In connection therewith, a Circular to Shareholders containing details of the said Proposals except for item (iii) will be issued and circulated to the shareholders of the
Company in due course.


This announcement is dated 28 August 2020.






Announcement Info

Company Name MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name MELEWAR
Date Announced 28 Aug 2020
Category General Announcement for PLC
Reference Number GA1-26082020-00163