[TCHONG] General on 06-Aug-2020

Stock
[TCHONG]: TAN CHONG MOTOR HOLDINGS BHD
Announcement Date
22-Jun-2020
Type
General
Date & Time
06-Aug-2020 14:30
Depositor Date
30-Jul-2020
Venue
Broadcast Venue: Tricor Business Centre, Manuka 2 & 3 Meeting Room Unit 29-01, Level 29, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur
Description
Notice of 48th Annual General Meeting ("48th AGM") of Tan Chong Motor Holdings Berhad ("TCMH"). The 48th AGM of TCMH will be conducted fully virtual at the Broadcast Venue via Remote Participation and Voting Facilities at https://tiih.online
TCMH-Notice of AGM.pdf
Outcome

The Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") is pleased to announce that all the resolutions set out in the notice of the 48th Annual General Meeting ("48th AGM") dated 23June 2020were duly passed by the shareholders of TCMH at the 48thAGM 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 tabled and received 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 Asia Securities Sdn. Berhad, the independent scrutineer appointed by TCMH.

Details of thepoll results are set out below.

This announcement is dated 6 August 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To declare a final single tier dividend of 2 sen per share for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 190 12
No. of Shares 399,056,246 81,709
% of Voted Shares 99.9795 0.0205
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Dato' Tan Heng Chew as a Director of the Company in accordance with Article 103 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 169 24
No. of Shares 367,362,333 164,660
% of Voted Shares 99.9552 0.0448
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Siew Kah Toong as a Director of the Company in accordance with Article 103 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 172 28
No. of Shares 365,358,145 33,761,810
% of Voted Shares 91.5409 8.4591
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of Directors' fees of up to RM500,000 in aggregate to the Independent Non-Executive Directors of the Company during the course of the period from 7 August 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 165 33
No. of Shares 398,955,242 163,213
% of Voted Shares 99.9591 0.0409
Result Accepted

5. Ordinary Resolution 5

Description 
To approve Directors' benefits of up to RM294,600 in aggregate to the Independent Non-Executive Directors of the Company and up to RM5,400 in aggregate to the Independent Non-Executive Directors of TC Capital Resources Sdn Bhd, a subsidiary of the Company, during the course of the period from 7 August 2020 until the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 158 40
No. of Shares 398,943,742 174,713
% of Voted Shares 99.9562 0.0438
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint KPMG PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 182 19
No. of Shares 399,037,895 86,060
% of Voted Shares 99.9784 0.0216
Result Accepted

7. Ordinary Resolution 7

Description 
Continuing in office of Dato' Ng Mann Cheong as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 174 27
No. of Shares 324,076,045 75,047,910
% of Voted Shares 81.1968 18.8032
Result Accepted

8. Ordinary Resolution 8

Description 
Continuing in office of Mr Siew Kah Toong as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 175 26
No. of Shares 365,357,645 33,766,310
% of Voted Shares 91.5399 8.4601
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed renewal of authority for the Company to purchase its own shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 179 22
No. of Shares 398,965,545 158,410
% of Voted Shares 99.9603 0.0397
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with Warisan TC Holdings Berhad and its subsidiaries and jointly-controlled entities.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 22
No. of Shares 79,314,286 158,410
% of Voted Shares 99.8007 0.1993
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with APM Automotive Holdings Berhad and its subsidiaries and joint ventures.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 22
No. of Shares 79,314,286 158,410
% of Voted Shares 99.8007 0.1993
Result Accepted

12. Ordinary Resolution 12

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with Tan Chong International Limited and its subsidiaries.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 22
No. of Shares 79,314,286 158,410
% of Voted Shares 99.8007 0.1993
Result Accepted

13. Ordinary Resolution 13

Description 
Proposed Shareholders' Mandate for recurrent related party transactions with Auto Dunia Sdn Bhd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 160 22
No. of Shares 79,314,286 158,410
% of Voted Shares 99.8007 0.1993
Result Accepted

Remark
-
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment