[SHCHAN] General on 26-Jun-2020

Stock
[SHCHAN]: SIN HENG CHAN (MALAYA) BHD
Announcement Date
02-Jun-2020
Type
General
Date & Time
26-Jun-2020 10:00
Depositor Date
18-Jun-2020
Venue
Broadcast Venue at Board Room of SHC, Level 3 Wisma E & C, No. 2, Lorong Dungun Kiri Damansara Heights 50490 Kuala Lumpur, Wilayah Persekutuan
Description
Notice of the Fifty-Eighth Annual General Meeting ("58th AGM") of Sin Heng Chan (Malaya) Berhad ("SHC"). The 58th AGM of SHC will be conducted fully virtual at the Broadcast Venue via Remote Participation and Voting Facilities at https://shorturl.at/nEGPZ
Notice -AGM 2020.pdf
Outcome

The Board of Directors of Sin Heng Chan (Malaya) Berhad (“SHC” or “the Company”) is pleased to announce that at the 58thAnnual General Meeting (“58thAGM”) of SHCheld today, all the resolutions as set out in the Notice of the 58thAGM dated 3June2020were duly passed by the shareholders of the Company.

All the resolutions were voted by poll via remote participation and electronicvoting and the results of the poll werevalidated by Cygnus ITSolutions PLT, the Independent Scrutineer appointed by the Company.

The details of the poll results are set out in the attachment.

This announcementis dated 26June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors fees and benefits totalling RM1,059,162 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 0
No. of Shares 64,752,778 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Choo Keng Weng who retires in accordance with Article 94 of the Constitution of the Company and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 95,761,571 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Thomas Tuan Kit Kwong who retires in accordance with Article 94 of the Constitution of the Company and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 95,761,571 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-appoint Messrs Al Jafree Salihin Kuzaimi PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 95,761,571 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
To retain Thomas Tuan Kit Kwong who has served the Board for more than nine (9) years as Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 95,761,571 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To retain YBM Tunku Mahmood Bin Tunku Mohammed D.K. PSI who has served the Board for more than twelve (12) years as Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 6 0
No. of Shares 50,190,918 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the authority to Directors pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 19 0
No. of Shares 95,761,571 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 0
No. of Shares 60,413,789 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 6

Description 
To retain YBM Tunku Mahmood Bin Tunku Mohammed D.K. PSI who has served the Board for more than twelve (12) years as Independent Non-Executive Director of the Company. (Tier 2)
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 13 0
No. of Shares 45,570,653 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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