General Announcement for PLC

16/11/2020

OTHERS Proposed Authority to Allot not more than 20% of the Existing Number of Issued Shares of the Company pursuant to Section 75 of the Companies Act 2016

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
Proposed Authority to Allot not more than 20% of the Existing Number of Issued Shares of the Company pursuant to Section 75 of the Companies Act 2016

The Board of Directors of Xin Hwa Holdings Berhad (“Company”) (“Board”) wishes to announce that the Company intends to seek shareholders' approval by way of ordinary resolution on the authority to allot not more than 20% of the existing number of issued shares of the Company (excluding treasury shares) (“20% General Mandate”) and to revoke the authority granted to the Board to allot not more than 10% of the existing number of issued shares of the Company at the Seventh Annual General Meeting held on 30 September 2020, at a general meeting to be convened.

 

Details of the Company’s intention to seek the 20% General Mandate will be announced in due course.

 

This announcement is dated 16 November 2020.



Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 16 Nov 2020
Category General Announcement for PLC
Reference Number GA1-16112020-00095


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