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08 May 2009
PERWAJA HOLDINGS BERHAD (“PHB” OR THE “COMPANY”) 1. PROPOSED SHAREHOLDERS’ RATIFICATION FOR RECURRENT RELATED PARTY TRANSACTIONS (“PROPOSED SHAREHOLDERS’ RATIFICATION”) AND PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED SHAREHOLDERS’ MANDATE”); AND
2. PROPOSED PURCHASE BY PHB OF ITS OWN SHARES OF UP TO 10% OF THE ISSUED AND PAID UP SHARE CAPITAL OF PHB.
On 7 August 2008, PHB had made an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time to obtain the shareholders’ mandate for the recurrent related party transactions entered/to be entered into by PHB from 20 August 2008, being the date of admission of PHB to the Official List of Bursa Securities, to the date of the forthcoming annual general meeting (“AGM”) or extraordinary general meeting (“EGM”), if held earlier. Subsequently, Bursa Securities had vide its letter dated 14 August 2008 approved the aforesaid application.
In this connection, your Board wishes to announce that it intends to seek the shareholders’ approval for the Proposed Shareholders’ Ratification and Proposed Shareholders’ Mandate at the forthcoming EGM to be held after its AGM.
Further, your Board wishes to announce that it intends to seek the shareholders’ approval for the proposed authorisation to purchase its own shares at the forthcoming EGM to be held after its AGM.
A circular containing the details of the said proposals will be sent to the shareholders of PHB in due course.
This announcement is dated 30 April 2009.
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