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| Proposed Renewal of Authority for Share Buy-Back and the Proposed Renewal of Shareholder Mandate for Recurrent Related Party Transactions of a revenue or trading nature |
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| The Board of Directors of Hock Seng Lee Berhad wishes to announce that the present authority for Share Buy-Back and Shareholder Mandate for recurrent related party transactions of a revenue or trading nature granted by the shareholders at the Annual General Meeting held on 19 May 2009 expires at the conclusion of the forthcoming Twenty-Ninth Annual General Meeting. The Company proposed to seek shareholder’s approval for the following, at the forthcoming Twenty-Ninth Annual General Meeting of the Company:- i) Proposed renewal of the authority for Share Buy-Back to allow the Company to purchase up to ten percent (10%) of the issued and paid up capital; and ii) Proposed renewal of the Shareholder Mandate for the Recurrent Related Party Transactions of a revenue or trading nature, which are necessary for its day-to-day operations. A circular to shareholders containing information on the above proposals will be despatched to shareholders in due course. |
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