News

The Board of Directors of PMCB wishes to announce that the Company proposes to seek its shareholders' mandate at the forthcoming Annual General Meeting (“AGM”) for PMCB Group to enter into recurrent related party transactions which are necessary for the PMCB Group's day to day operations and in the ordinary course of business based on commercial terms which are not more favourable to the related parties than those generally available to the public or unrelated third parties and are not detrimental to the minority shareholders of the Company (“Shareholders’ Mandate”).

The Shareholders' Mandate shall, in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, expire at the conclusion of the AGM following that at which it was obtained, unless a resolution is passed at the said AGM for its renewal.

A circular to shareholders containing information on the above Shareholders’ Mandate together with the Notice of AGM will be issued in due course.

This announcement is dated 31 March 2016.