OTHERS WAH SEONG CORPORATION BERHAD ("WSC" OR "THE COMPANY") - PROPOSED RENEWAL OF AUTHORITY TO BUY-BACK ITS OWN SHARES BY THE COMPANY; - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR THE EXISTING RECURRENT RELATED PARTY TRANSACTIONS ("RRPTs") OF A REVENUE OR TRADING NATURE AND PROVISION OF FINANCIAL ASSISTANCE; - PROPOSED NEW SHAREHOLDERS' MANDATE FOR ADDITIONAL RRPTs OF A REVENUE OR TRADING NATURE; - PROPOSED AMENDMENTS TO THE COMPANY'S CONSTITUTION
| WAH SEONG CORPORATION BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | WAH SEONG CORPORATION BERHAD ("WSC" OR "THE COMPANY")
- PROPOSED RENEWAL OF AUTHORITY TO BUY-BACK ITS OWN SHARES BY THE COMPANY;
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR THE EXISTING RECURRENT RELATED PARTY TRANSACTIONS ("RRPTs") OF A REVENUE OR TRADING NATURE AND PROVISION OF FINANCIAL ASSISTANCE;
- PROPOSED NEW SHAREHOLDERS' MANDATE FOR ADDITIONAL RRPTs OF A REVENUE OR TRADING NATURE;
- PROPOSED AMENDMENTS TO THE COMPANY'S CONSTITUTION |
|
The Board of Directors of WSC wishes to inform that the Company intends to seek its shareholders’ approval on the following items at its forthcoming Annual General Meeting: a) The renewal of authority to buy-back its own shares of up to ten per centum (10%) of the total number of issued shares of the Company; b) The renewal of the existing shareholders’ mandate for WSC and/or its subsidiaries to enter into RRPTs of a revenue or trading nature and provision of financial assistance; c) The new shareholders’ mandate for WSC and/or its subsidiaries to enter into additional RRPTs of a revenue or trading nature; and d) The amendments to the Company's Constitution.
(Collectively referred to as "Proposals")
This announcement is dated 23 March 2021. |
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Announcement Info
| Company Name | WAH SEONG CORPORATION BERHAD |
| Stock Name | WASEONG |
| Date Announced | 23 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22032021-00137 |