OTHERS Kumpulan Kitacon Berhad ("Kitacon" or the "Company") - Proposed Shareholders Ratification for Recurrent Related Party Transactions of a Revenue or Trading in Nature and Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature - Share Buy-Back Statement in Relation to the Proposed Authority for the Company to purchase its own ordinary shares of up to 10% of the total number of issued shares of the Company

KUMPULAN KITACON BERHAD

Type Announcement
Subject OTHERS
Description 
Kumpulan Kitacon Berhad ("Kitacon" or the "Company")
- Proposed Shareholders Ratification for Recurrent Related Party Transactions of a Revenue or Trading in Nature and Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature 
- Share Buy-Back Statement in Relation to the Proposed Authority for the Company to purchase its own ordinary shares of up to 10% of the total number of issued shares of the Company

The Board of Directors of the Company wishes to announce that the Company will be seeking the shareholders’ approval on the following proposals at the forthcoming First Annual General Meeting of the Company :-

i) Proposed Shareholders Ratification for Recurrent Related Party Transactions of a Revenue or Trading in Nature and Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading in Nature; and 
ii) Share Buy-Back Statement in Relation to the Proposed Authority for the Company to purchase its own ordinary shares of up to 10% of the total number of issued shares of the Company.

The Circular to Shareholders’ of Kitacon containing the details in relation to the above proposals will be dispatched to Shareholders of the Company in due course.


This announcement is dated 26 April 2023.



Announcement Info

Company Name KUMPULAN KITACON BERHAD
Stock Name KITACON
Date Announced 26 Apr 2023
Category General Announcement for PLC
Reference Number GA1-26042023-00029