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BackFeb 24, 2011
| Type | Announcement |
| Subject | OTHERS |
| Description | (i) Proposed shareholder ratification for recurrent related party transactions of a revenue or trading nature for the period from 15 September 2010 up to the forthcoming Extraordinary General Meeting (ii) Proposed shareholder mandate for recurrent related party transactions of a revenue or trading nature from the date of the forthcoming Extraordinary General Meeting up to the conclusion of the next Annual General Meeting ("AGM") |
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Rimbunan Sawit Berhad (“RSB”) wishes to announce that RSB will be seeking its shareholders’ approval for the following proposals by way of ordinary resolutions at the forthcoming Extraordinary General Meeting ("EGM") to be convened at a later date:-
(i) Proposed shareholder ratification for recurrent related party transactions of a revenue or trading nature which are necessary for the day-to-day operations (“RRPT”) of the Company and its subsidiaries entered/to be entered into from 15 September 2010 (being the date where RSB completed the acquisition of the equity interests in nine (9) plantation companies and the commercial rights of a plantation estate from the respective vendors as announced on 30 December 2009) up to the date of the forthcoming EGM of the Company to be convened; and (ii) Proposed shareholder mandate for RRPT from the date of the forthcoming EGM up to the conclusion of the next AGM. A Circular to Shareholders containing details of the abovementioned proposals will be despatched to the shareholders of RSB in due course. This announcement is dated 24 February 2011. |
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Announcement Info
| Company Name | RIMBUNAN SAWIT BERHAD |
| Stock Name | RSAWIT |
| Date Announced | 24 Feb 2011 |
| Category | General Announcement |
| Reference No | CCS-110221-E3816 |