[KSENG] General on 27-Aug-2020

Stock
[KSENG]: KECK SENG (M) BHD
Announcement Date
28-Jul-2020
Type
General
Date & Time
27-Aug-2020 10:00
Depositor Date
17-Aug-2020
Venue
Broadcast Venue Conference Room Suite 15-01, 15th Floor, Menara Keck Seng 203 Jalan Bukit Bintang, 55100 Kuala Lumpur
Description
Notice of 50th Annual General Meeting ("AGM") The 50th AGM of the Company will be conducted fully virtual from the Broadcast Venue via remote participation.
KSM- Notice of 50th AGM and Administrative Details.pdf
Outcome

The Board of Directors of Keck Seng (Malaysia) Berhad (the "Company") is pleased to announce that all the resolutions set out in the Notice of the Fiftieth Annual General Meeting ("50th AGM") dated 29 July 2020 were duly passed by way of poll at the 50th AGM of the Company held earlier today via remote participation and voting.

The results of the poll have been verified by Asia Securities Sdn Berhad, the Independent Scrutineers appointed by the Company.

This announcement is dated 27 August 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees of RM1,055,000 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 57 20
No. of Shares 181,055,191 5,998,888
% of Voted Shares 96.7930 3.2070
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits of RM350,000 from the date of the forthcoming Annual General Meeting until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 21
No. of Shares 181,000,191 6,053,888
% of Voted Shares 96.7636 3.2364
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Chan Lui Ming Ivan who is retiring in accordance with Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 17
No. of Shares 181,287,797 5,860,375
% of Voted Shares 96.8686 3.1314
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Maj-Gen (R) Dato' Muhammad Bin Yunus who is retiring in accordance with Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 17
No. of Shares 181,489,897 5,658,275
% of Voted Shares 96.9766 3.0234
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect Tai Lam Shin who is retiring in accordance with Clause 76(3) of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 63 18
No. of Shares 181,261,797 5,886,375
% of Voted Shares 96.8547 3.1453
Result Accepted

6. Ordinary Resolution 6

Description 
To re-elect Liew Foong Yuen who is retiring in accordance with Clause 78 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 63 17
No. of Shares 181,261,797 5,586,375
% of Voted Shares 97.0102 2.9898
Result Accepted

7. Ordinary Resolution 7

Description 
To re-appoint Ernst & Young PLT as Auditors of the Company and to authorise the Board of Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 66 15
No. of Shares 181,548,797 5,599,375
% of Voted Shares 97.0081 2.9919
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed continuation in office of Too Hing Yeap @ Too Heng Yip as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 20
No. of Shares 181,223,797 5,924,375
% of Voted Shares 96.8344 3.1656
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed continuation in office of Maj-Gen (R) Dato' Muhammad Bin Yunus as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 61 20
No. of Shares 181,425,897 5,722,275
% of Voted Shares 96.9424 3.0576
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Authority to Allot and Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 63 18
No. of Shares 181,326,297 5,821,875
% of Voted Shares 96.8892 3.1108
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 59 16
No. of Shares 7,223,696 5,820,375
% of Voted Shares 55.3792 44.6208
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed Renewal of Shareholders' Mandate for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 64 16
No. of Shares 181,456,297 5,654,375
% of Voted Shares 96.9781 3.0219
Result Accepted

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