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OTHERS CAN-ONE BERHAD ("CAN-ONE" OR "THE COMPANY") (I) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES; (II) PROPOSED RENEWAL OF MANDATE FOR THE COMPANY AND ITS SUBSIDIARIES TO ENTER INTO RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND (III) PROPOSED NEW MANDATE FOR THE COMPANY AND ITS SUBSIDIARIES TO ENTER INTO ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE.

CAN-ONE BERHAD

Type Announcement
Subject OTHERS
Description 
CAN-ONE BERHAD ("CAN-ONE" OR "THE COMPANY")

(I) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES; 

(II) PROPOSED RENEWAL OF MANDATE FOR THE COMPANY AND ITS SUBSIDIARIES TO  ENTER INTO RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND

(III) PROPOSED NEW MANDATE FOR THE COMPANY AND ITS SUBSIDIARIES TO  ENTER INTO ADDITIONAL RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE.

The Board of Directors of Can-One wishes to announce that the Company intends to seek shareholders’ approval in respect of the following proposals at the forthcoming Nineteenth Annual General Meeting of the Company:

 

1.         Proposed renewal of authority for the Company to purchase its own shares of up to 10% of the total number of issued shares of the Company; 

 

2.         Proposed renewal of mandate for the Company and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature; and

 

3.         Proposed new mandate for the Company and its subsidiaries to enter into additional recurrent related party transactions of a revenue or trading nature. 

 

 

The Share-Buy Back Statement and the Circular to Shareholders containing detailed information on the abovementioned proposals will be issued in due course.

 

 

This announcement is dated 5 April 2023.



Announcement Info

Company Name CAN-ONE BERHAD
Stock Name CANONE
Date Announced 05 Apr 2023
Category General Announcement for PLC
Reference Number GA1-29032023-00086




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