Royal Deluxe Holdings (HKG:3789) wiill be seeking shareholders' nod to renew framework agreements with GT Material and GT Scaffolding, both wholly owned by Ann Wang, who is closely related to its three directors.
These transactions qualify as continuing connected transactions under Listing Rules Chapter 14A and require independent shareholder approval since their percentage ratios exceed 5%, according to its bourse filing last Friday.
Directors Wang Kei Ming, Chao Lai Heng, and Wang Yu Hin are abstaining from voting due to their material interest in the deals, while all other directors confirmed no conflicts.
The company will soon dispatch a circular detailing the agreements and convene an extraordinary general meeting for shareholder approval within 15 business days.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。