CIRCULAR TO SHAREHOLDERS

The Circular Report of AGM 2014

To: The Shareholders of Sarawak Cable Berhad

 

Dear Sir/Madam,

PROPOSED RENEWAL OF AND NEW SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

1. INTRODUCTION

At the Company’s AGM held on 16 June 2014 and EGM held on 13 December 2014, your Board obtained Shareholder Mandate for SCB Group to enter into RRPT. The existing Shareholder Mandate shall, in accordance with the Listing Requirements, lapse at the conclusion of the forthcoming AGM, which has been scheduled for 16 June 2015, unless by an ordinary resolution passed at the forthcoming AGM, the mandate is renewed.

Subsequently, on 24 April 2015, the Company announced through Bursa Securities that the Board proposes to seek Shareholder Mandate from the shareholders for both the existing and new RRPT.

The purpose of this Circular is to provide shareholders with details, effects and rationale pertaining to the Proposed Shareholder Mandate and to seek shareholders’ approval for the resolution, which is to be tabled as an ordinary resolution at the forthcoming AGM scheduled to be held on 16 June 2015.

Shareholders of SCB are advised to read and consider carefully the contents of this Circular before voting on the resolution pertaining to this proposal at the forthcoming AGM scheduled to be held on 16 June 2015.

 

For the Full Report, please read here

CIRCULAR TO SHAREHOLDERS

The Circular Report of AGM 2014 To: The Shareholders of Sarawak Cable Berhad  

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