MULTIPLE PROPOSALS CJ CENTURY LOGISTICS HOLDINGS BERHAD - PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") - PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
CJ CENTURY LOGISTICS HOLDINGS BERHAD |
Type | Announcement |
Subject | MULTIPLE PROPOSALS |
Description | CJ CENTURY LOGISTICS HOLDINGS BERHAD - PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") - PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
The Board of Directors of CJ Century Logistics Holdings Berhad (“CJ Century” or “the Company”) wishes to announce that the Company will be seeking its shareholders’ approvals for the above-captioned Proposals at the forthcoming Twenty-Seventh Annual General Meeting of the Company.
Proposed Renewal of Existing Shareholders’ Mandate for RRPT The Company had, at its Twenty-Sixth Annual General Meeting held on 28 April 2023, obtained a mandate from its shareholders to enter into RRPT which are necessary for its day-to-day operations. This mandate will expire at the conclusion of the forthcoming Twenty-Seventh Annual General Meeting. The Company proposes that a renewal of RRPT mandate be sought from its shareholders to allow the Company and/or its subsidiaries to continue to enter into some of its existing RRPT.
Proposed Renewal of Share Buy-Back Authority for the Company to Purchase its Own Shares The Company had, at its Twenty-Sixth Annual General Meeting held on 28 April 2023, obtained approval from its shareholders to purchase its own shares up to 10% of the total number of its issued shares. This authority for share buy-back will expire at the conclusion of the forthcoming Twenty-Seventh Annual General Meeting. The Company proposes to seek a renewal of authority from its shareholders to purchase its own ordinary shares of up to 10% of the total number of issued shares. A Circular/Statement to Shareholders containing information on the Proposals will be made available to the Company’s shareholders in due course.
This announcement is dated 23 February 2024. |
Announcement Info
Company Name | CJ CENTURY LOGISTICS HOLDINGS BERHAD |
Stock Name | CJCEN |
Date Announced | 23 Feb 2024 |
Category | General Announcement for PLC |
Reference Number | GA1-23022024-00030 |