Proposed Renewal of Shareholder Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT") ("Proposed Shareholder Mandate")

The Board of Directors ("Board") of Sarawak Consolidated Industries Berhad ("SCIB") wishes to announce that the Board has on 4 April 2016 proposed to seek shareholder mandate for the existing RRPT by way of an ordinary resolution at the forthcoming Fortieth (40th) annual general meeting. A Circular to Shareholders seeking for shareholders' approval on the Proposed Shareholder Mandate is currently being prepared. 

The existing shareholder mandate was obtained at the 39th AGM of SCIB held on 30 June 2015. In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the existing shareholder mandate shall lapse at the conclusion of the Fortieth (40th) annual general meeting, unless renewal is obtained

This announcement is dated 4 April 2016.

Announcement Info