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03 June 2009
KINSTEEL BHD ("the Company")
Results of the Annual General Meeting and Extraordinary General Meeting held on 3 June 2009
The Company had on 11 June 2008 obtained its shareholders’ mandates to enter into recurrent related party transactions which are necessary for the day-to-day operations of Kinsteel and its subsidiary companies and to purchase in aggregate of up to 10% of its issued and paid-up share capital. The said mandates shall lapse at the conclusion of the forthcoming annual general meeting (“AGM”) of Kinsteel, unless approval for its renewal is obtained from the shareholders of the Company at the forthcoming Extraordinary General Meeting (“EGM”) following the conclusion of the forthcoming AGM.
In connection thereto, the Company wishes to announce that it intends to seek the approval of its shareholders for the Proposed Shareholders’Mandate and the Proposed Share Buy-Back at its forthcoming EGM.
A circular setting out the details of the Proposed Shareholders’ Mandate and the Proposed Share Buy-Back will be despatched to the shareholders of the Company in due course.
This announcement is dated 30 April 2009.
NOTICE OF ANNUAL GENERAL MEETING
NOTICE OF EXTRAORDINARY GENERAL MEETING
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