[HAPSENG] General on 02-Jul-2020

Stock
[HAPSENG]: HAP SENG CONSOLIDATED BHD
Announcement Date
28-May-2020
Type
General
Date & Time
02-Jul-2020 10:00
Depositor Date
25-Jun-2020
Venue
Kinabalu Room, Ground Floor Menara Hap Seng Jalan P. Ramlee 50250 Kuala Lumpur
Description
The 44th Annual General Meeting of Hap Seng Consolidated Berhad will be conducted by way of a full virtual meeting at its broadcast venue through live streaming and online remote voting via remote participation and voting facilities.
HSCB-Notice of AGM and Admin Guide.pdf
Outcome

The Board of Directors of Hap Seng ConsolidatedBerhad ("the Company") is pleased to announce that all resolutions set out in the notice of 44th annual general meeting ("AGM") dated 29 May 2020, were duly passed by the shareholders of the Company at the AGM held on even date.

The Audited Financial Statements of the Company for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon were received and duly tabled at the AGM under Agenda 1.

All resolutions were voted upon by poll via remote participation and voting facilities and the poll results were validated by GovernAce Advisory & Solutions Sdn Bhd, the independent scrutineer appointed by the Company.


Please refer to the attachment for the poll results.


This announcement is dated 2 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Datuk Simon Shim Kong Yip, JP who shall retire by rotation in accordance with clause 116 of the Company's constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 131 273
No. of Shares 1,549,949,720 72,325,790
% of Voted Shares 95.5417 4.4583
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Ms. Cheah Yee Leng who shall retire by rotation in accordance with clause 116 of the Company's constitution and being eligible, has offered herself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 381 21
No. of Shares 1,616,989,439 5,286,071
% of Voted Shares 99.6742 0.3258
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr. Thomas Karl Rapp who shall retire in accordance with clause 122 of the Company's constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 394 8
No. of Shares 1,621,998,599 276,911
% of Voted Shares 99.9829 0.0171
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr. Tan Boon Peng who shall retire in accordance with clause 122 of the Company's constitution and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 394 8
No. of Shares 1,622,264,599 10,911
% of Voted Shares 99.9993 0.0007
Result Accepted

5. Ordinary Resolution 5

Description 
To approve the payment of directors fees of the Company and its subsidiaries amounting to RM807,266.00 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 383 16
No. of Shares 1,622,116,899 58,911
% of Voted Shares 99.9964 0.0036
Result Accepted

6. Ordinary Resolution 6

Description 
To reappoint Messrs Ernst & Young PLT as auditors of the Company to hold office until the conclusion of the next annual general meeting at a remuneration to be determined by the directors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 378 25
No. of Shares 1,620,355,599 1,919,911
% of Voted Shares 99.8817 0.1183
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to allot shares pursuant to section 75 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 389 13
No. of Shares 1,622,228,598 46,912
% of Voted Shares 99.9971 0.0029
Result Accepted

8. Ordinary Resolution 8

Description 
To approve renewal of and new shareholders mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 368 32
No. of Shares 102,087,046 5,729,342
% of Voted Shares 94.6860 5.3140
Result Accepted

9. Ordinary Resolution 9

Description 
To approve renewal of share buy-back authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 387 13
No. of Shares 1,621,721,199 455,711
% of Voted Shares 99.9719 0.0281
Result Accepted

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