The Board of Directors of the Company wishes to announce that the Company proposes to seek its shareholders’ approval for the proposed amendment of a clause in the Constitution of the Company at the forthcoming Twentieth Annual General Meeting ("20th AGM") of the Company.
The proposed amendment to the Constitution will allow the Company to utilise the allowable percentage by relevant authorities from time to time for the general mandate to issue new securities, subject to the provisions of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and the prevailing laws, guidelines or requirements of the relevant authorities.
The details of the proposed amendment to the Constitution will be distributed to the shareholders with the Notice of the 20th AGM of the Company for the financial year ended 31 December 2019 in due course.
AGM September, so things going to unfold only in September? hehe
The Board of Directors of Yi-Lai Berhad (“the Company”) wishes to announce that the Company had applied to the Companies Commission of Malaysia (“CCM”) for an extension of time to hold its Twentieth Annual General Meeting (“20th AGM”) and accordingly, approval has been granted for the Company to hold its 20th AGM by 28 September 2020, in accordance to the Practice Directive No. 6/2020 issued by CCM.
What is the implication of the following to retail investors? 'Directors authorised to issue and allot shares any time, at such price, upon such T&C for such purposes and to such persons at absolute discretion of directors limited to 20% of issued shares.' (I paraphrased the above from notice of AGM.
Ceramic and tiles manufacturer Yi-Lai Bhd is venturing into the information technology (IT) solutions business in partnership with TechBase Solution Sdn Bhd, a company controlled by its newly-appointed executive director Au Yee Boon
Yi-Lai said it has entered into an agreement with TechBase to collaborate for the purpose of establishing its new IT solutions business, which specialises in the provision of blockchain and system integration services
Notwithstanding the proposed diversification, the board intends to continue with its existing principal activities in the same manner. Yi-Lai is principally involved in the manufacture and sale of ceramic and homogeneous tiles, trading and distribution of tiles
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hohoho123
3,165 posts
Posted by hohoho123 > 2020-07-07 10:30 | Report Abuse
https://youtu.be/j2avMZ9j-Os