IE - General Announcement
Announcement Type: General Announcement
Company Name: INTELLIGENT EDGE TECHNOLOGIES BERHAD (ACE Market)
Stock Name: IE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: INTELLIGENT EDGE TECHNOLOGIES BERHAD ("IE" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE ACE MARKET
Contents: Reference is made to the First Announcement made by the Company on 28 April 2010 and the monthly announcements made on 4 May 2010 and 1 June 2010 in compliance with Rule 4.1(b) of Guidance Note ("GN") 3 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for the ACE Market ("ACE LR"), the Board of Directors of IE wishes to inform that the Company is still in the midst of evaluating various options in its endeavour to formulate a plan to regularise the Company's financial condition ("Regularisation Plan").
Premised on the First Announcement and the monthly announcements, the last day for submission of the Regularisation Plan by the Company to Bursa Securities and obtain Bursa Securities' approval to implement the said Regularisation Plan would be by 27 April 2011.
This announcement is dated 1 July 2010.
Company Name: INTELLIGENT EDGE TECHNOLOGIES BERHAD (ACE Market)
Stock Name: IE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: INTELLIGENT EDGE TECHNOLOGIES BERHAD ("IE" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE ACE MARKET
Contents: Reference is made to the First Announcement made by the Company on 28 April 2010 and the monthly announcements made on 4 May 2010 and 1 June 2010 in compliance with Rule 4.1(b) of Guidance Note ("GN") 3 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for the ACE Market ("ACE LR"), the Board of Directors of IE wishes to inform that the Company is still in the midst of evaluating various options in its endeavour to formulate a plan to regularise the Company's financial condition ("Regularisation Plan").
Premised on the First Announcement and the monthly announcements, the last day for submission of the Regularisation Plan by the Company to Bursa Securities and obtain Bursa Securities' approval to implement the said Regularisation Plan would be by 27 April 2011.
This announcement is dated 1 July 2010.
MTONE - General Announcement
Announcement Type: General Announcement
Company Name: MANGOTONE GROUP BERHAD (ACE Market)
Stock Name: MTONE
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: Mangotone Group Berhad (formerly known as TecAsia
Group Berhad) ("MTONE" or "Company")
- Monthly Announcement on the status of plan to regularize financial condition pursuant to Guidance Note 3 ("GN3") and Guidance Note 5 ("GN5") of Bursa Malaysia Securities Berhad ACE Market Listing Requirements ("LR")
Contents: Further to the announcement made by the Company in compliance with paragraphs 4.1(b) of GN3 and 3.2(a) of GN5 of the LR, the Board of Directors of MTONE wishes to announce that the Company is still in the process of evaluating various options to meet its obligations under GN3 and GN5.
Pursuant to paragraph 4.1(b) of GN3, the last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 11 August 2010 (i.e. approximately one and a half months from the date of this announcement).
This announcement is dated 1 July 2010.
Company Name: MANGOTONE GROUP BERHAD (ACE Market)
Stock Name: MTONE
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: Mangotone Group Berhad (formerly known as TecAsia
Group Berhad) ("MTONE" or "Company")
- Monthly Announcement on the status of plan to regularize financial condition pursuant to Guidance Note 3 ("GN3") and Guidance Note 5 ("GN5") of Bursa Malaysia Securities Berhad ACE Market Listing Requirements ("LR")
Contents: Further to the announcement made by the Company in compliance with paragraphs 4.1(b) of GN3 and 3.2(a) of GN5 of the LR, the Board of Directors of MTONE wishes to announce that the Company is still in the process of evaluating various options to meet its obligations under GN3 and GN5.
Pursuant to paragraph 4.1(b) of GN3, the last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 11 August 2010 (i.e. approximately one and a half months from the date of this announcement).
This announcement is dated 1 July 2010.
VIZTEL - General Announcement
Announcement Type: General Announcement
Company Name: VIZTEL SOLUTIONS BERHAD (ACE Market)
Stock Name: VIZTEL
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: VIZTEL SOLUTIONS BERHAD ("VIZTEL" OR "THE COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARIZE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") FOR THE ACE MARKET
Contents: The Board of Viztel wishes to announce that there are no further developments to the regularization plan of the Company save for those which have been previously announced.
The regularization plan by the Company to the Approving Authorities has been submitted on 8 June 2010.
This announcement is dated 1 July 2010.
Company Name: VIZTEL SOLUTIONS BERHAD (ACE Market)
Stock Name: VIZTEL
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: VIZTEL SOLUTIONS BERHAD ("VIZTEL" OR "THE COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARIZE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") FOR THE ACE MARKET
Contents: The Board of Viztel wishes to announce that there are no further developments to the regularization plan of the Company save for those which have been previously announced.
The regularization plan by the Company to the Approving Authorities has been submitted on 8 June 2010.
This announcement is dated 1 July 2010.
CUSCAPI - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: CUSCAPI BERHAD (ACE Market)
Stock Name: CUSCAPI
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Chief Operating Officer
Directorate: Executive
Name: TEOH HOAY MING
Age: 33
Nationality: Malaysian
Qualifications: Bachelor Degree in Electrical Engineering from Universiti Teknologi Malaysia (UTM)
Working experience and occupation: Mr. Teoh Hoay Ming has served in various technology and consultancy companies in the last 10 years. He has accumulated vast experiences in IT project implementation and business consultancy, during his tenure in Dell and Accenture. He then joined Adeptis Solutions in 2003, leading the development and marketing of its automotive solutions.
He also served and managed the delivery of IT projects for various local and regional clients, mainly in telecommunication and automotive industry. Some of these clients include TIME dotcom, Advanced Information Services (Thailand), Celcom, Jaring, Hyundai Sime Darby Motors, and Naza Group of Companies.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct Interest: 6,857,167 ordinary shares
Indirect Interest: 182,000 ordinary shares
Company Name: CUSCAPI BERHAD (ACE Market)
Stock Name: CUSCAPI
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Chief Operating Officer
Directorate: Executive
Name: TEOH HOAY MING
Age: 33
Nationality: Malaysian
Qualifications: Bachelor Degree in Electrical Engineering from Universiti Teknologi Malaysia (UTM)
Working experience and occupation: Mr. Teoh Hoay Ming has served in various technology and consultancy companies in the last 10 years. He has accumulated vast experiences in IT project implementation and business consultancy, during his tenure in Dell and Accenture. He then joined Adeptis Solutions in 2003, leading the development and marketing of its automotive solutions.
He also served and managed the delivery of IT projects for various local and regional clients, mainly in telecommunication and automotive industry. Some of these clients include TIME dotcom, Advanced Information Services (Thailand), Celcom, Jaring, Hyundai Sime Darby Motors, and Naza Group of Companies.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct Interest: 6,857,167 ordinary shares
Indirect Interest: 182,000 ordinary shares
GRANFLO - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: YEK DEIW SEE
Age: 47
Nationality: MALAYSIAN
Qualifications: BACHELOR IN CIVIL ENGINEERING FROM UNIVERSITY OF MALAYA IN 1988.
Working experience and occupation: Mr. Yek Deiw See has more than 20 years of experience in the management, marketing and business of building materials and computer products. He started his career with Panglobal Sistemaju Sdn. Bhd. to distribute and promote WANG computers. He later joined CMCM Perniagaan Sdn. Bhd., a leading building materials trading firm in the region. In 1997, he jointly formed Vistagard Sdn. Bhd. an established general building materials trading company, as an Executive Director. He is currently also a director of several private limited companies.
Directorship of public companies (if any): NIL
Family relationship with any director and/or major shareholder of the listed issuer: NIL
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Composition of Audit Committee (Name and Directorate of members after change): Mr. Cheong Kee Yoong - Independent Non-Executive Director, Chairman
Mr. Yu Chee Sing - Independent Non-Executive Director, Member
Mr. Tan Chuan Hock - Non-Independent Non-Executive Director, Member
Mr. Yek Deiw See - Independent Non-Executive Director, Member
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: YEK DEIW SEE
Age: 47
Nationality: MALAYSIAN
Qualifications: BACHELOR IN CIVIL ENGINEERING FROM UNIVERSITY OF MALAYA IN 1988.
Working experience and occupation: Mr. Yek Deiw See has more than 20 years of experience in the management, marketing and business of building materials and computer products. He started his career with Panglobal Sistemaju Sdn. Bhd. to distribute and promote WANG computers. He later joined CMCM Perniagaan Sdn. Bhd., a leading building materials trading firm in the region. In 1997, he jointly formed Vistagard Sdn. Bhd. an established general building materials trading company, as an Executive Director. He is currently also a director of several private limited companies.
Directorship of public companies (if any): NIL
Family relationship with any director and/or major shareholder of the listed issuer: NIL
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Composition of Audit Committee (Name and Directorate of members after change): Mr. Cheong Kee Yoong - Independent Non-Executive Director, Chairman
Mr. Yu Chee Sing - Independent Non-Executive Director, Member
Mr. Tan Chuan Hock - Non-Independent Non-Executive Director, Member
Mr. Yek Deiw See - Independent Non-Executive Director, Member
GRANFLO - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Chairman & Director
Directorate: Independent & Non Executive
Name: TAN SRI DATUK ADZMI BIN ABDUL WAHAB
Age: 67
Nationality: MALAYSIAN
Qualifications: Master of Business Administration from University of Southern California.
Working experience and occupation: Tan Sri Datuk Adzmi is the Chairman and director of three public listed companies namely Magna Prima Berhad, Dataprep Holdings Berhad and Lebar Daun Berhad and some private companies involved in automotive, IT, construction, property development and franchise businesses.
Tan Sri Adzmi was appointed as the longest serving Managing Director of Edaran Otomobil Nasional Berhad (EON) in November 1992 until May 2005. In 2003, he was conferred Malaysia CEO of the year by AMEX and Business Times and Most PR Savvy CEO by IPRM.
He was Manager, Corporate Planning Division of HICOM Berhad involved in development of heavy industries projects from 1982 to 1985.
He served PROTON in 1985 to 1992 and his last position in PROTON was Director / Corporate General Manager, Administration and Finance Division.
Tan Sri Adzmi served the Malaysian Administrative and Diplomatic Service in various capacities from 1967 to 1982 in the following : Central Procurement and Contract Management in Ministry of Finance; Investment Promotion in Pahang Tenggara Development Authority, Public Enterprise Management in Implementation Coordination Unit (Prime Minister's Department), Regional Planning in Klang Valley Planning Secretariat (Prime Minister's Department).
Directorship of public companies (if any): 1. Magna Prima Berhad
2. Dataprep Holdings Berhad
3. Lebar Daun Berhad
Family relationship with any director and/or major shareholder of the listed issuer: NIL
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Chairman & Director
Directorate: Independent & Non Executive
Name: TAN SRI DATUK ADZMI BIN ABDUL WAHAB
Age: 67
Nationality: MALAYSIAN
Qualifications: Master of Business Administration from University of Southern California.
Working experience and occupation: Tan Sri Datuk Adzmi is the Chairman and director of three public listed companies namely Magna Prima Berhad, Dataprep Holdings Berhad and Lebar Daun Berhad and some private companies involved in automotive, IT, construction, property development and franchise businesses.
Tan Sri Adzmi was appointed as the longest serving Managing Director of Edaran Otomobil Nasional Berhad (EON) in November 1992 until May 2005. In 2003, he was conferred Malaysia CEO of the year by AMEX and Business Times and Most PR Savvy CEO by IPRM.
He was Manager, Corporate Planning Division of HICOM Berhad involved in development of heavy industries projects from 1982 to 1985.
He served PROTON in 1985 to 1992 and his last position in PROTON was Director / Corporate General Manager, Administration and Finance Division.
Tan Sri Adzmi served the Malaysian Administrative and Diplomatic Service in various capacities from 1967 to 1982 in the following : Central Procurement and Contract Management in Ministry of Finance; Investment Promotion in Pahang Tenggara Development Authority, Public Enterprise Management in Implementation Coordination Unit (Prime Minister's Department), Regional Planning in Klang Valley Planning Secretariat (Prime Minister's Department).
Directorship of public companies (if any): 1. Magna Prima Berhad
2. Dataprep Holdings Berhad
3. Lebar Daun Berhad
Family relationship with any director and/or major shareholder of the listed issuer: NIL
Any conflict of interests that he/she has with the listed issuer: NIL
Details of any interest in the securities of the listed issuer or its subsidiaries: NIL
GRANFLO - General Announcement
Announcement Type: General Announcement
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")
- CHANGES IN THE COMPOSITION OF THE NOMINATION COMMITTEE OF THE COMPANY
Contents: We, the Board of Directors of GRAND-FLO, wish to inform that the composition of the Nomination Committee of the Company has been changed as follows with effect from 1 July 2010 :-
1. Tan Sri Datuk Adzmi bin Abdul Wahab (Independent Non-Executive Chairman, Chairman)
2. Mr. Tan Chuan Hock (Non-Independent Non-Executive Director, Member)
3. Mr. Yek Deiw See (Independent Non-Executive Director, Member)
This announcement is dated 1 July 2010.
Company Name: GRAND-FLO SOLUTION BERHAD (ACE Market)
Stock Name: GRANFLO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")
- CHANGES IN THE COMPOSITION OF THE NOMINATION COMMITTEE OF THE COMPANY
Contents: We, the Board of Directors of GRAND-FLO, wish to inform that the composition of the Nomination Committee of the Company has been changed as follows with effect from 1 July 2010 :-
1. Tan Sri Datuk Adzmi bin Abdul Wahab (Independent Non-Executive Chairman, Chairman)
2. Mr. Tan Chuan Hock (Non-Independent Non-Executive Director, Member)
3. Mr. Yek Deiw See (Independent Non-Executive Director, Member)
This announcement is dated 1 July 2010.
KANNAL - General Announcement
Announcement Type: General Announcement
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcement made by the Company on 17th May 2010 and 1st June 2010 in compliance with paragraph 3.0 and 4.0 of GN3 and 3.2 of GN5 of the AMLR, the Board of Directors of Kannaltec Berhad wishes to announce that the Company is still in the process of evaluating various options to meet its obligations under GN3 and GN5.
Pursuant to Rule 8.04 of the AMLR, the last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 17th May 2011.
This announcement is dated 1st July 2010
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcement made by the Company on 17th May 2010 and 1st June 2010 in compliance with paragraph 3.0 and 4.0 of GN3 and 3.2 of GN5 of the AMLR, the Board of Directors of Kannaltec Berhad wishes to announce that the Company is still in the process of evaluating various options to meet its obligations under GN3 and GN5.
Pursuant to Rule 8.04 of the AMLR, the last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 17th May 2011.
This announcement is dated 1st July 2010
EQUATOR - General Announcement
Announcement Type: General Announcement
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("Equator" or "the Company")
- Update of Legal Suits
Orix Credit Malaysia Sdn Bhd against Equator Biotech Sdn Bhd ("EBSB") and Equator
Contents: Further to the announcements dated 18 May 2009, 19 May 2009, 21 May 2009, 2 September 2009, 18 September 2009, 8 October 2009, 9 December 2009, 21 December 2009, 25 January 2010, 31 March 2010, 29 April 2010, 20 May 2010 and 24 June 2010 in respect of the legal suits from Orix Credit Malaysia Sdn Bhd ("ORIX") against Equator Biotech Sdn Bhd ("EBSB") and Equator, the Board of Directors of Equator wishes to further inform that the case has been postponed to 2 August 2010 for mention.
This announcement is dated 1 July 2010.
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("Equator" or "the Company")
- Update of Legal Suits
Orix Credit Malaysia Sdn Bhd against Equator Biotech Sdn Bhd ("EBSB") and Equator
Contents: Further to the announcements dated 18 May 2009, 19 May 2009, 21 May 2009, 2 September 2009, 18 September 2009, 8 October 2009, 9 December 2009, 21 December 2009, 25 January 2010, 31 March 2010, 29 April 2010, 20 May 2010 and 24 June 2010 in respect of the legal suits from Orix Credit Malaysia Sdn Bhd ("ORIX") against Equator Biotech Sdn Bhd ("EBSB") and Equator, the Board of Directors of Equator wishes to further inform that the case has been postponed to 2 August 2010 for mention.
This announcement is dated 1 July 2010.
GENETEC - GENETEC TECHNOLOGY BERHAD (''GENETEC'' OR THE ''COMPANY'')
Announcement Type: General Announcement
Company Name: GENETEC TECHNOLOGY BERHAD (ACE Market)
Stock Name: GENETEC
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: GENETEC TECHNOLOGY BERHAD (''GENETEC'' OR THE ''COMPANY'')
Contents: The Board of Directors of Genetec wishes to inform that the Company shall seek shareholders' approval at the forthcoming Twelfth Annual General Meeting ("AGM") in respect of the following proposals:
(a) Proposed renewal of shareholders' mandate for existing recurrent related party transactions of a revenue or trading nature; and
(b) Proposed new shareholders' mandate for additional recurrent related party transactions of a revenue or trading nature
(hereinafter collectively referred to as "the Proposals").
At the AGM of Genetec held on 18 August 2009, the shareholders of the Company had granted the mandate for Genetec to enter into RRPT which will expire at the conclusion of the forthcoming AGM. The proposals will, if approved, continue to be in force from the passing of the relevant resolution at the forthcoming AGM until the next AGM in 2011.
The circular to shareholders containing details of the RRPT will be despatched to the shareholders in due course.
This announcement is dated 1 July 2010.
Company Name: GENETEC TECHNOLOGY BERHAD (ACE Market)
Stock Name: GENETEC
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: GENETEC TECHNOLOGY BERHAD (''GENETEC'' OR THE ''COMPANY'')
Contents: The Board of Directors of Genetec wishes to inform that the Company shall seek shareholders' approval at the forthcoming Twelfth Annual General Meeting ("AGM") in respect of the following proposals:
(a) Proposed renewal of shareholders' mandate for existing recurrent related party transactions of a revenue or trading nature; and
(b) Proposed new shareholders' mandate for additional recurrent related party transactions of a revenue or trading nature
(hereinafter collectively referred to as "the Proposals").
At the AGM of Genetec held on 18 August 2009, the shareholders of the Company had granted the mandate for Genetec to enter into RRPT which will expire at the conclusion of the forthcoming AGM. The proposals will, if approved, continue to be in force from the passing of the relevant resolution at the forthcoming AGM until the next AGM in 2011.
The circular to shareholders containing details of the RRPT will be despatched to the shareholders in due course.
This announcement is dated 1 July 2010.
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