Seremban Engineering Seeks Renewal of Mandate for Related-Party Transactions Worth RM 660 Million

Bitget2026/10/30 01:33

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Seremban Engineering will seek shareholder approval on December 10, 2026, to renew its mandate for recurrent related-party transactions.
Estimated transactions total RM 660 million, comprising RM 460 million in services provided to related parties and RM 200 million received.
The renewed mandate would run until the next annual general meeting, unless it expires or is revoked earlier.
The board recommends voting in favor; interested major shareholder MIE Industrial, holding 72.75%, will abstain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seremban Engineering Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720488) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Seremban Engineering Seeks Renewal of Mandate for Related-Party Transactions Worth RM 660 Million

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