[GCB] General on 26-Jun-2020

Stock
[GCB]: GUAN CHONG BHD
Announcement Date
27-May-2020
Type
General
Date & Time
26-Jun-2020 11:00
Depositor Date
19-Jun-2020
Venue
RUBY 2, LEVEL 8, HOLIDAY VILLA JOHOR BAHRU CITY CENTRE NO. 260, JALAN DATO' SULAIMAN, TAMAN ABAD 80250 JOHOR BAHRU, JOHOR
Description
GUAN CHONG BERHAD NOTICE OF SIXTEENTH ANNUAL GENERAL MEETING
Guan Chong - AGM.pdf
Outcome

The Board of Directors of Guan Chong Berhad is pleased to announce that the Shareholders of the Company had at the Annual General Meeting held this morning, passed by way of poll all the resolutions as set out in the notice of Annual General Meeting dated 28 May 2020.

The results of the poll were validated by the Independent Scrutineer, NGL Tricor Governance Sdn. Bhd.

This announcement is dated 26 June 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of shortfall of Directors' fees and allowances of RM28,700 for the financial year ended 31 December 2019
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 102 2
No. of Shares 698,928,307 12,019,000
% of Voted Shares 98.3094 1.6906
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the payment of Directors' fees and allowances up to RM800,000 for the financial year ending 31 December 2020 payable monthly in arrears after each month of completed service of the Directors during the subject financial year
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 103 0
No. of Shares 710,799,807 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description 
To declare a final single tier dividend of 1.0 sen per share in respect of the financial year ended 31 December 2019
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 0
No. of Shares 710,947,307 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Tay Hoe Lian, the Director who retire in accordance with Regulation 91 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 99 4
No. of Shares 708,978,986 1,820,821
% of Voted Shares 99.7438 0.2562
Result Accepted

5. Ordinary Resolution 5

Description 
To re-elect YBhg Dato Dr. Mohamad Musa Bin Md Jamil, the Director who retire in accordance with Regulation 91 of the Company's Constitution
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 91 13
No. of Shares 704,138,301 6,809,006
% of Voted Shares 99.0423 0.9577
Result Accepted

6. Ordinary Resolution 6

Description 
To re-appoint Messrs BDO PLT as Auditors of the Company and to authorize the Directors to fix remuneration
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 104 0
No. of Shares 710,947,307 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Ordinary Resolution 7

Description 
Proposed renewal of authority for Directors to allot and issue shares pursuant to Section 75 of the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 101 2
No. of Shares 698,696,307 251,000
% of Voted Shares 99.9641 0.0359
Result Accepted

8. Ordinary Resolution 8

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 101 0
No. of Shares 665,859,367 0
% of Voted Shares 100.0000 0.0000
Result Accepted

9. Ordinary Resolution 9

Description 
Proposed renewal of authority for the Company to purchase its own ordinary shares up to ten percent (10%) of its issued share capital
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 100 3
No. of Shares 708,605,307 2,194,500
% of Voted Shares 99.6913 0.3087
Result Accepted

10. Ordinary Resolution 10

Description 
Proposed retention of YBhg Datuk Tay Puay Chuan as Independent Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 95 9
No. of Shares 694,921,986 16,025,321
% of Voted Shares 97.7459 2.2541
Result Accepted

11. Ordinary Resolution 11

Description 
Proposed retention of Tan Ah Lai as Independent Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 96 8
No. of Shares 694,921,986 16,015,321
% of Voted Shares 97.7473 2.2527
Result Accepted

Remark
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