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Notice of 4th Annual General Meeting

BackMay 21, 2010
Date Announced

- Notice of 4th Annual General Meeting

We refer to the announcement made on 20 May 2010 (ref: DE-100520-58719) pertaining to the Notice of 4th Annual General Meeting of Dayang.

The Board of Directors wishes to announce that Note No.(c) (Explanatory Notes on Special Businesses) of the Notice and Note(c) of the Explanatory Notes on Special Businesses on page 71 of the Annual Report be amended to read as follows:

"Ordinary Resolution 10 - Authority to Issue Shares pursuant to Section 132D of the Companies Act 1965

The Ordinary Resolution no 10 proposed under Agenda 7, is a renewal of the previous year mandate and if passed, will authorise the Directors of the Company to issue shares of up to a maximum ten per cent (10%) of the issued share capital of the Company for the time being for such purposes as the Directors consider would be on the interest of the Company. The authority unless revoked or varied by the Company at a general meeting will expire at the next Annual General Meeting.

As at the date of this notice, the directors have not utilised the mandate granted to the Directors at the last Annual General Meeting held on 27 May 2009 and the said mandate will lapse at the 4th Annual General Meeting.

The renewal of this mandate would provide flexibility to the Company for any possible fund raising exercise, including but not limited to placing of shares for purpose of funding future investment projects, working capital and/or acquisitions. This authority is to avoid delay and costs involved in convening a general meeting to approve such issuance of shares."

This announcement is dated 21 May 2010.

Announcement Details :