| Type | Announcement |
| Subject | MALAYSIA AICA BERHAD (“Maica” or “the Company”) Proposed Renewal of Shareholders’ Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature |
| Contents | The Board of Directors of Maica (“the Board”) wishes to announce that Maica proposes to seek its shareholders’ approval for the Proposed Renewal of Shareholders’ Mandate for its Recurrent Related Party Transactions of a Revenue or Trading Nature (“RRPT”) with Spanco Sdn Bhd (“the related party”). The existing shareholders’ mandate previously approved by the shareholders of the Company at its Extraordinary General Meeting held on 31 July, 2008 will lapse at the conclusion of the forthcoming 40th AGM unless it is renewed. The Proposed Renewal of Shareholders’ Mandate, if approved by the shareholders at the forthcoming AGM, will allow the Maica Group, in its normal course of business, to continue to enter into RRPT with the related party which are necessary for its day-to-day operations in the ordinary course of business and on terms not more favourable to the related party than those generally available to the public and are not to the detriment of the minority shareholders. The Circular to Shareholders which sets out the details of the Proposed Renewal of Shareholders’ Mandate will be issued together with the Company’s 2009 Annual Report at a later date. c.c. Securities Commission |
| Company Name | MALAYSIA AICA BERHAD |
| Stock Name | MAICA |
| Date Announced | 1 Jul 2009 |
| Category | General Announcement |
| Reference No | CQ-090630-59249 |