(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 AMENDMENT TO THE COMPANY'S MEMORANDUM OF ASSOCIATION ("Proposed Amendment")
(i) a first and final dividend of 5 sen per share, less 25% income tax, in respect of the financial year ended 31 December 2008. 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 8 May 2008. In accordance with the Listing Requirements of Bursa Malaysia Securities Berhad, 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 Amendment by way of a special resolution at the forthcoming AGM to be held at a later date.
Details of the Proposed Amendment will be distributed to the shareholders of KKB at a later date.
This announcement is dated 24 February 2009.
Announcement Info
| Company Name |
KKB ENGINEERING BERHAD |
| Stock Name |
KKB |
| Date Announced |
24 Feb 2009 |
| Category |
General Announcement |
| Reference No |
CC-090210-37219 |
