|
General Announcement Reference No AD-040420-E63BE |
| Company Name | : | ASIATIC DEVELOPMENT BERHAD |
| Stock Name | : | ASIATIC |
| Date Announced | : | 20/04/2004 |
| Type | : | Announcement |
| Subject | : | ASIATIC
DEVELOPMENT BERHAD ("ASIATIC" OR THE "COMPANY") PROPOSED RENEWAL OF THE AUTHORITY FOR THE PURCHASE OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF THE COMPANY PURSUANT TO SECTION 67A OF THE COMPANIES ACT, 1965 ("PROPOSED RENEWAL") |
Contents :
On 25 June 2003, the shareholders of Asiatic approved a proposal by the Company
for the purchase of Asiatic shares.
The Board of Directors of Asiatic wishes to announce that the present mandate
granted by the shareholders of Asiatic for the Company to buy back its own
shares will expire at the conclusion of the forthcoming Twenty-Sixth Annual
General Meeting ("AGM") of Asiatic. In this regard, the Company proposes to seek
from its shareholders at the aforesaid AGM to be convened, a renewal of the
authority to purchase up to ten percent (10%) of the issued and paid-up share
capital of the Company comprising 742,390,000 ordinary shares of RM0.50 each as
at 15 April 2004.
Yours faithfully
ASIATIC DEVELOPMENT BERHAD
TAN SRI MOHD AMIN BIN OSMAN
Chairman