[KMLOONG] General on 28-Jul-2020

Stock
[KMLOONG]: KIM LOONG RESOURCES BHD
Announcement Date
26-Jun-2020
Type
General
Date & Time
28-Jul-2020 11:00
Depositor Date
21-Jul-2020
Venue
Lido Room, Level 6, Amari Johor Bahru, No. 82C, Jalan Trus, 80000 Johor Bahru, Johor Darul Takzim
Description
Notice of Forty-fifth Annual General Meeting
KLRB-Notice of 45th AGM.pdf
Outcome
The Board of Directors of Kim Loong Resources Berhad ("KLRB") wishes to announce that at the Forty-fifth Annual General Meeting of KLRB duly convened and held this morning, all the resolutions as set out in the Notice of Annual General Meeting dated 29th June, 2020 were duly passed by the members present by way of poll.

The results of the poll which were validated by Messrs. SKW Associates, Chartered Accountants, the Independent Scrutineer appointed by the Company, are as set out below -

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees totaling RM288,000 for the financial year ended 31st January 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 604,590,882 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' benefits up to RM40,000 from this Annual General Meeting until the next annual general meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 2
No. of Shares 603,997,466 593,416
% of Voted Shares 99.9018 0.0982
Result Accepted

3. Ordinary Resolution 3

Description 
Re-election of Mr. Gooi Seong Heen as a Director in accordance with Clause 88 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 0
No. of Shares 604,308,122 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
Re-election of Mr. Gan Kim Guan as a Director in accordance with Clause 88 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 1
No. of Shares 604,590,582 300
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Ordinary Resolution 5

Description 
Re-election of Mr. Chan Weng Hoong as a Director in accordance with Clause 88 of the Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 604,590,882 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint M/s. Ernst & Young PLT (converted from a conventional partnership, M/s. Ernst & Young) 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 27 0
No. of Shares 604,590,882 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
Authority to allot and issue shares not exceeding 10% of the total number of issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 604,590,882 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 8

Description 
Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 604,590,882 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
Retention of Mr. Gan Kim Guan as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 26 1
No. of Shares 604,590,582 300
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Ordinary Resolution 10

Description 
Retention of Mr. Chan Weng Hoong as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 0
No. of Shares 604,590,882 0
% of Voted Shares 100.0000 0.0000
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue of Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 0
No. of Shares 6,415,276 0
% of Voted Shares 100.0000 0.0000
Result Accepted

Remark
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Market Buzz

2024-04-23

Additional Listing

Exercise of Warrants - 552,800 shares at 1.400.

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