Announcements

Date : 25 February 2011

OTHERS: CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR "THE COMPANY") - PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RPT MANDATE") - PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

CENTURY LOGISTICS HOLDINGS BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR "THE COMPANY")
- PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RPT MANDATE")
- PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The Board of Century wishes to announce that the Company will be seeking its shareholders' approvals for the above-captioned Proposals at the forthcoming Annual General Meeting of the Company to be convened.

Proposed RPT Mandate
The Company proposes that a renewal of mandate be sought from its shareholders to allow the Century Group to enter into recurrent related party transactions of a revenue or trading nature. The Company had, at its Annual General Meeting held on 20 May 2010, obtained the authority from its shareholders, the mandate to enter into recurrent related party transactions of a revenue or trading nature. This Proposed RPT Mandate will expire at the conclusion of the forthcoming Annual General Meeting.

Proposed Renewal of Authority for Share Buy-Back


The Company proposes to seek renewal of the authority from its shareholders to purchase its own ordinary shares of up to 10% of the issued and paid-up share capital. The Company had, at its Annual General Meeting held on 20 May 2010, obtained the approval from its shareholders to purchase its own shares of up to 10% of the issued and paid-up share capital.

Circular to Shareholders


A Circular to the Shareholders containing information on the Proposals will be despatched to the shareholders in due course.

This announcement is dated 25 February 2011.




Announcement Info

Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY    
Date Announced25 Feb 2011  
CategoryGeneral Announcement
Reference NoCS-110225-A3D78

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