Announcements

Date : 25 February 2021

OTHERS CJ CENTURY LOGISTICS HOLDINGS BERHAD - PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") OF A REVENUE OR TRADING NATURE - PROPOSED NEW SHAREHOLDERS' MANDATE FOR RRPT OF A REVENUE OR TRADING NATURE - 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 OTHERS
Description
CJ CENTURY LOGISTICS HOLDINGS BERHAD 

- PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") OF A REVENUE OR TRADING NATURE

- PROPOSED NEW SHAREHOLDERS' MANDATE FOR RRPT OF A REVENUE OR TRADING NATURE

- PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The Board 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-Fourth Annual General Meeting of the Company to be convened:-

Proposed Renewal of Existing Shareholders' Mandate for RRPT of a Revenue or Trading Nature 
The Company had, at its Postponed Twenty-Third Annual General Meeting held on 28 May 2020, obtained a mandate from its shareholders to enter into RRPT of a revenue or trading nature which are necessary for its day-to-day operations. This mandate will expire at the conclusion of the forthcoming Twenty-Fourth 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 of a revenue or trading nature

Proposed New Shareholders' Mandate for RRPT of a Revenue or Trading Nature
The Company also proposes that a new RRPT mandate be sought from its shareholders to allow the Company and/or its subsidiaries to enter into new RRPT of a revenue or trading nature which are necessary for its day-to-day operations. 

Proposed Renewal of Authority for Share Buy-Back Authority for the Company to Purchase its Own Shares 
The Company had, at its Postponed Twenty-Third Annual General Meeting held on 28 May 2020, 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-Fourth 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 despatched to the Company’s shareholders in due course. 

This announcement is dated 25 February 2021.





Announcement Info

Company Name CJ CENTURY LOGISTICS HOLDINGS BERHAD
Stock Name CJCEN
Date Announced 25 Feb 2021
Category General Announcement for PLC
Reference Number GA1-24022021-00048


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