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1. Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of A Revenue Or Trading Nature; And 2. Proposed Renewal Of Authority For The Company To Purchase Its Own Shares (Collectively Known As "the Proposals")

BackApr 23, 2010
Date Announced
:
23/04/2010  



Type
:
Announcement
Subject
:
DAYANG ENTERPRISE HOLDINGS BHD ("DAYANG" OR "THE COMPANY")

1. Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; and

2. Proposed Renewal of Authority For The Company To Purchase Its Own Shares

(Collectively known as "The Proposals")

Contents
:
The Company had at its Annual General Meeting held on 27 May 2009 obtained the authority from its shareholders to enable the Company and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature which is necessary for the Group's day to day operations and for the Company to purchase its own shares of up to ten per cent (10%) of its issued paid-up capital ("Shareholders' Mandates").

The Shareholders' Mandates will expire at the conclusion of the forthcoming Annual General Meeting ("AGM") of the Company.

The Board of Directors of Dayang wishes to announce that the Company proposes to seek the approval of its shareholders for the Proposals at the forthcoming Annual General Meeting to be convened at a date, which will be notified later.

A circular setting out the details pertaining to the Proposals will be despatched to shareholders in due course.

This announcement is dated 23 April 2010.

Announcement Details :