OTHERS KOTRA INDUSTRIES BERHAD ('KOTRA' OR 'THE COMPANY') - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR EXISTING AND ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
Type | Announcement |
Subject |
OTHERS |
Description | KOTRA INDUSTRIES BERHAD ('KOTRA' OR 'THE COMPANY') - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR EXISTING AND ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE |
Reference is made to the announcement dated 2 October 2020 released by the Company on intention to seek the approval of its shareholders at the forthcoming Annual General Meeting to be convened, for the Proposed Renewal of Shareholders' Mandate for Existing and Additional Recurrent Related Party Transactions of a Revenue or Trading Nature. The Company wishes to announce that the actual aggregate value of the additional recurrent related party transactions ('RRPTs') is not envisaged to exceed the threshold prescribed under Paragraph 10.09(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. In view thereof, the Company will only seek the approval of its shareholders for the Proposed Renewal of Shareholders' Mandate for Existing RRPTs at the forthcoming Annual General Meeting. This announcement is dated 7 October 2020. |
Announcement Info
Company Name | KOTRA INDUSTRIES BERHAD |
Stock Name | KOTRA |
Date Announced | 07 Oct 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-07102020-00047 |
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Kotra Industries Bhd published this content on 07 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2020 05:04:03 UTC