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Date : 25 September 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY") - PROPOSED RENEWAL OF THE EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE - PROPOSED RENEWAL OF SHARE BUY-BACK OF UP TO TEN PERCENT (10%) OF THE COMPANY'S ISSUED SHARE CAPITAL (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

KWANTAS CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY")

- PROPOSED RENEWAL OF THE EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

- PROPOSED RENEWAL OF SHARE BUY-BACK OF UP TO TEN PERCENT (10%) OF THE COMPANY'S ISSUED SHARE CAPITAL

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The Board of Directors of Kwantas wishes to announce that the Company proposes to seek the approval of its shareholders for the following Proposals at the forthcoming Annual General Meeting to be convened:-

1. Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature; and

2. Proposed renewal of share buy-back of up to ten percent (10%) of the Company's issued share capital.

A Circular containing the details of the Proposals will be dispatched to the shareholders of the Company in due course.

This announcement is dated 25th September 2017.






Announcement Info

Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 25 Sep 2017
Category General Announcement for PLC
Reference Number GA1-23082017-00010


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