TEOSENG

0.755

-0.005 (-0.7%)

OTHERS TEO SENG CAPITAL BERHAD ("Teo Seng"or "the Company") -Proposed Renewal of Existing Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue Or Trading Nature ("Proposed Renewal of Existing Shareholders' Mandate") -Proposed Renewal of Authority For Share Buy-Back

TEO SENG CAPITAL BERHAD

Type Announcement
Subject OTHERS
Description
TEO SENG CAPITAL BERHAD ("Teo Seng"or "the Company")
-Proposed Renewal of Existing Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue Or Trading Nature ("Proposed Renewal of  Existing Shareholders' Mandate")
-Proposed Renewal of Authority For Share Buy-Back

The Board of Directors of Teo Seng wishes to announce the following :- 

 

a) Proposed Renewal of Existing Shareholders' Mandate

The Company is proposed to seek the shareholders' approval for the proposed renewal of existing  sharehoders' mandate for the recurrent related party transactions of a revenue or trading nature at the forthcoming Annual General Meeting ("AGM").

 

b) Proposed Renewal of Authority For Share Buy-Back

The Company is proposed to seek the shareholders' approval to renew the authority for the Company to purchase its own shares of up to ten per cent (10%) of the total number of  issued shares of the Company at the forthcoming AGM.

 

Circular on Proposed Renewal of Existing Shareholders' Mandate and Proposed Renewal of Authority For Share Buy-Back will be ciruclated to shareholders in due course. The purpose of the Circular is to provide shareholders with details of the said proposals, which is to be tabled as ordinary resolutions under special business at the forthcoming AGM.






Announcement Info

Company Name TEO SENG CAPITAL BERHAD
Stock Name TEOSENG
Date Announced 06 Apr 2021
Category General Announcement for PLC
Reference Number GA1-05042021-00021