The Board of Directors of KNKH wishes to announce that the Company intends to seek its shareholders' approval for the following at its forthcoming Twentieth (20th) Annual General Meeting, the date of which will be announced in due course:
1) proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature which is necessary for the day-to-day operations of KNKH and/or its subsidiaries in line with Paragraph 10.09, Chapter 10 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad; and
2) proposed renewal of shareholders' mandate to enable KNKH to purchase up to ten per cent (10%) of its issued and paid-up share capital,
(collectively referred to as "the Proposals").
A Circular to Shareholders setting out the details of the Proposals will be dispatched to the shareholders of the Company in due course.
This announcement is dated 28 April 2014.