Announcements

Date : 23 February 2012

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 12 May 2011, 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 12 May 2011, obtained the approval from its shareholders to purchase its own shares of up to 10% of the issued and paid-up share capital. This authority for Share Buy-Back will expire at the conclusion of the forthcoming Annual General Meeting.

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 23 February 2012.


Announcement Info

Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY    
Date Announced23 Feb 2012  
CategoryGeneral Announcement
Reference NoCS-120223-7E3D5

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