| Type | Announcement |
| Subject | (1) RECOMMENDATION OF FIRST AND FINAL DIVIDEND (2) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT") ("Proposed Shareholders' Mandate") (3) PROPOSED AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION ("Proposed Amendments") |
| Contents | The Board of Directors of KKB Engineering Berhad (“KKB”) wishes to announce that the Board has on 26 February 2008 recommended/proposed:- (i) a first and final dividend of 8 sen per share, consisting of 3.8 sen per share tax exempt and 4.2 sen per share less 26% income tax, in respect of the financial year ended 31 December 2007. The dates of the dividend entitlement and payment will be determined at a later date. The notice of dividend entitlement and payment shall be advertised at a later date. (ii) to seek shareholders’ mandate from the shareholders for the existing RRPT by way of an ordinary resolution at the forthcoming annual general meeting of KKB (“AGM”) to be convened at a later date. A Circular to Shareholders is currently being prepared for seeking shareholders’ approval on the Proposed Shareholders’ Mandate. The same shareholders’ mandate was obtained at the AGM of KKB held on 10 May 2007. In accordance with Bursa Malaysia Securities Listing Requirements, the existing shareholders’ mandate shall lapse at the conclusion of the forthcoming AGM, unless renewal is obtained. (iii) to seek shareholders’ approval on the Proposed Amendments by way of a special resolution at the forthcoming AGM to be held at a later date. Details of the Proposed Amendments will be distributed to the shareholders of KKB at a later date. |
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 26 Feb 2008 |
| Category | General Announcement |
| Reference No | CC-080220-35178 |
