Monday - 09/04/2018 - MULTIPLE PROPOSALS

Type

Announcement

Subject

MULTIPLE PROPOSALS

Description

- PROPOSED NEW AND RENEWAL OF STOCKHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") OF A REVENUE OR TRADING NATURE
- PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS

Oriental Holdings Berhad (“OHB”) wishes to announce the following :-

PROPOSED NEW AND RENEWAL OF STOCKHOLDERS MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") OF A REVENUE OR TRADING NATURE

The Board proposed to seek new and renewal of stockholders' mandate to enter into RRPT of revenue and trading nature. Stockholders had earlier given the stockholders' mandate at the last Annual General Meeting ("AGM") and in accordance with the Listing Requirements, the said mandate shall lapse at the conclusion of the forthcoming AGM, unless renewal is obtained.

PROPOSED RENEWAL OF AUTHORITY TO PURCHASE ITS OWN STOCKS

The Board proposed to seek renewal of authorisation from the stockholders at the forthcoming AGM to purchase up to ten per cent (10%) or up to 62,039,363 ordinary stocks of the issued capital of the Company.

Circular on Proposed Mandate on RRPT and Statement on Proposed Stock Buy-Back will be circulated to stockholders in due course. The purpose of the Circular and Statement is to provide stockholders with details, financial effects, rationale and etc, which is to be tabled as ordinary resolutions under special business at the forthcoming AGM.

This announcement is dated 9 April 2018.

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