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OTHERS ORIENTAL INTEREST BERHAD ("OIB" OR "THE COMPANY') - PROPOSED ADDITIONAL AND RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE")

ORIENTAL INTEREST BERHAD

Type Announcement
Subject OTHERS
Description
ORIENTAL INTEREST BERHAD ("OIB" OR "THE COMPANY')
- PROPOSED ADDITIONAL AND RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE AND TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE")

The Board of Directors of OIB wishes to announce that the Company proposes to seek its shareholders' approval for the Proposed Shareholders' Mandate for OIB and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature at the forthcoming Twenty-Third Annual General Meeting of the Company.


The afore-mentioned recurrent related party transactions are in the ordinary course of business and carried out on normal commercial terms which are not more favourable to the related parties than those generally available to the public.

A Circular to shareholders containing the information on the Proposed Shareholders' Mandate will be issued in due course.

This announcement is dated 4 October 2016.

 






Announcement Info

Company Name ORIENTAL INTEREST BERHAD
Stock Name OIB
Date Announced 04 Oct 2016
Category General Announcement for PLC
Reference Number GA1-30092016-00027




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