| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 24 Jul 2020 |
| Category | : | General Announcement for PLC |
| Reference Number | : | GA1-16042020-00040 |
OTHERS Favelle Favco Berhad ("FFB" or "the Company") (i) Proposed Renewal of Authority for Share Buy-Back (ii) Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
FAVELLE FAVCO BERHAD
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Type |
Announcement |
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Subject |
OTHERS |
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Description |
Favelle Favco Berhad ("FFB" or "the Company")
(i) Proposed Renewal of Authority for Share Buy-Back
(ii) Proposed Renewal of the Existing Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
The Board of Directors of FFB wishes to announce that the Company intends to seek shareholders’ approval for the following at the forthcoming Twenty-Eighth Annual General Meeting of the Company:-
- Proposed Renewal of Authority for Share Buy-Back; and
- Proposed Renewal of the Existing Shareholders’ Mandate and Proposed New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
(Collectively referred to as “Proposals”) The Statement/Circular to Shareholders which sets out details of the abovementioned proposals will be issued in due course. This announcement is dated 24 July 2020.