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 FOR PROVISION OF FINANCIAL ASSISTANCE
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 FOR PROVISION OF FINANCIAL ASSISTANCE |
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; and c) The new shareholders’ mandate for WSC and/or its subsidiaries to enter into additional RRPTs for provision of financial assistance.
The Statement of Share Buy-Back and Circular to Shareholders containing the details of the Proposals will be accessible online on the Company’s website at www.wahseong.com in due course.
This announcement is dated 6 April 2022. |
Announcement Info
Company Name | WAH SEONG CORPORATION BERHAD |
Stock Name | WASEONG |
Date Announced | 06 Apr 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-05042022-00095 |