Announcements

Date : 26 February 2013

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 - PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY (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
- PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY
(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 25 April 2012, 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 25 April 2012, 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.


Proposed Amendments to the Articles of Association of the Company

The Proposed Amendments to the Articles of Associaton of the Company are to comply with the recent amendments made to the Bursa Malaysia Securities Berhad Main Market Listing Requirements.

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 26 February 2013.


Announcement Info

Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY    
Date Announced26 Feb 2013  
CategoryGeneral Announcement
Reference NoCS-130226-959BC

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