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Century Logistics Holdings Berhad
 
Bursa Announcements
25 Feb 2010
 
Type
:
Announcement
Subject
:
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
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Contents
:
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.

Announcement Details :

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 21 May 2009, 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 21 May 2009, obtained the approval from its shareholders to purchase its own shares of up to 10% of the issued and paid-up share capital.

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 25 February 2010.

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