FACB Industries Incorporated Berhad ("Company") wishes to announce that the Company shall be seeking its shareholders' approval at the forthcoming 31st Annual General Meeting for a proposed renewal of its existing authority to purchase and/or hold up to 10% of its issued and paid-up share capital.
The existing authority for share buy-back was approved by its shareholders at the 30th Annual General Meeting held on 9 December 2009, and shall expire at the conclusion of the 31st Annual General Meeting.
The notice convening the 31st Annual General Meeting and the details of the proposed renewal shall be despatched to the shareholders in due course.