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(i) Renewal Of Authority For Share Buy Back And Recurrent Related Party Transactions (ii) Automotive Suspension Business In Indonesia
BackFeb 22, 2007
| General Announcement |
| Reference No AA-070222-34545 |
| Company Name |
:
|
APM AUTOMOTIVE HOLDINGS BERHAD |
| Stock Name |
:
|
APM |
| Date Announced |
:
|
22/02/2007 |
 |
|
|
| Type | : | Announcement |
| Subject | : | (i) Renewal of authority for Share Buy Back and Recurrent Related Party Transactions (ii) Automotive Suspension Business in Indonesia |
Contents :
(i) Renewal of authority for Share Buy Back and Recurrent Related Party Transactions
The Board wishes to inform that the Company proposes to seek the approval of its shareholders for the following proposals at the forthcoming Tenth Annual General Meeting :
1. Renewal of authority for the Company to purchase its own ordinary shares; and
2. Renewal of the shareholders' mandate to allow the Group to enter into recurrent related party transactions of a revenue or trading nature
A Circular containing details of the above proposals will be despatched to the shareholders of the Company in due course.
(ii) Automotive Suspension Business in Indonesia
With reference to the Announcement dated 20 December 2006 regarding our Automotive Suspension Business in Indonesia (reference No.AA-0621220-42991), there is no development as applications submitted are pending decisions from the relevant authorities.