GLOBALTEC FORMATION BERHAD (“GFB”) (formerly known as Temasek Formation Berhad) Proposed New Shareholders’ Mandate For Recurrent Related Party Transactions Of A Revenue Or Trading Nature The Board of Directors of GFB wishes to announce that, in accordance with Paragraph 10.09 of the Bursa Malaysia Securities Berhad’s listing requirements, the Company proposes to seek a new mandate from the shareholders at the forthcoming Annual General Meeting (“AGM”), to empower its subsidiaries and a jointly controlled entity to enter into recurrent related party transactions of a revenue or trading nature which are in the ordinary course of business and are necessary for its day-to-day operations, for the period from the forthcoming AGM until the conclusion of the next AGM.
A Circular to shareholders containing the information on the above proposal will be issued in due course. This announcement is dated 19 October 2012.
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