[CNH] General on 16-Jul-2020

Stock
[CNH]: CITRA NUSA HOLDINGS BERHAD
Announcement Date
19-Jun-2020
Type
General
Date & Time
16-Jul-2020 11:00
Depositor Date
10-Jul-2020
Venue
Broadcast Venue at Diamond Hall, First Floor, Wisma CNI No. 2 Jalan Perunding U1/17, Hicom-Glenmarie Industrial Park Seksyen U1, 40150 Shah Alam Selangor Darul Ehsan
Description
CNI HOLDINGS BERHAD NOTICE OF THIRTY-FIRST ANNUAL GENERAL MEETING ("31ST AGM") The 31st AGM will be conducted fully virtual at the Broadcast Venue
CNI Notice_Administrative Guide.pdf
Outcome

The Board of Directors of CNI Holdings Berhad ("the Company") is pleased to announce that all the resolutions as set out in the Notice of Thirty-First Annual General Meeting ("AGM") dated 22 June 2020 were duly passed at the AGM held on 16 July 2020.

All the resolutions were voted by poll and the results of the poll were validated by Messrs Foo, Lee, An & Associates, the Independent Scrutineers appointed by the Company.

The detailed of the poll results for a two-tier voting process as below:

Resolution

Description

Shareholders Action

Voted

No. of Shareholders

No. of Shares

% of Voted Shares

Results

Ordinary Resolution 6

To approve the proposed retention of Mr. Lim Lean Eng as Independent Non-Executive Director of the Company, who has served for a cumulative term of more than twelve (12) years

For Voting

Tier 1

For

Against

Tier 2

For

Against

1

0

54

5

363,526,123

0

61,996,664

34,800

100.0000

0.0000

99.9439

0.0561

Accepted

Accepted

Please refer to the attachment for the poll results.

This announcement is dated 16 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To re-elect Mr. Chew Boon Swee who retires by rotation in accordance with Articles 110 and 111 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 57 3
No. of Shares 441,274,387 300
% of Voted Shares 99.9999 0.0001
Result Accepted

2. Ordinary Resolution 2

Description 
To re-elect Mr. Lim Lean Eng who retires by rotation in accordance with Articles 110 and 111 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 5
No. of Shares 441,273,387 34,800
% of Voted Shares 99.9921 0.0079
Result Accepted

3. Ordinary Resolution 3

Description 
To approve the payment of Directors fees totalling RM348,000 for the Non-Executive Directors in respect of the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 11
No. of Shares 420,494,505 34,402
% of Voted Shares 99.9918 0.0082
Result Accepted

4. Ordinary Resolution 4

Description 
To approve the payment of benefits payable to the Non-Executive Directors up to an amount of RM50,000 from 17 July 2020 until the next AGM of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 12
No. of Shares 436,244,105 35,402
% of Voted Shares 99.9919 0.0081
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. Moore Stephens Associates PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to determine their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 3
No. of Shares 441,307,887 300
% of Voted Shares 99.9999 0.0001
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the proposed retention of Mr. Lim Lean Eng as Independent Non-Executive Director of the Company, who has served for a cumulative term of more than twelve (12) years.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 54 5
No. of Shares 61,996,664 34,800
% of Voted Shares 99.9439 0.0561
Result Accepted

7. Ordinary Resolution 7

Description 
To approve the proposed retention of Dr. Ch'ng Huck Khoon as Independent Non-Executive Director of the Company, who has served for a cumulative term of more than nine (9) years.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 56 4
No. of Shares 441,273,387 1,300
% of Voted Shares 99.9997 0.0003
Result Accepted

8. Ordinary Resolution 8

Description 
To approve the proposed renewal of authority for the Directors to allot and issue shares pursuant to Section 75 and Section 76 of the Companies Act, 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 57 4
No. of Shares 441,307,767 420
% of Voted Shares 99.9999 0.0001
Result Accepted

9. Ordinary Resolution 9

Description 
To approve the proposed renewal of shareholders mandate for existing recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 3
No. of Shares 48,858,030 300
% of Voted Shares 99.9994 0.0006
Result Accepted

10. Ordinary Resolution 10

Description 
To approve the proposed renewal of authority for the Company to purchase its own ordinary shares of up to 10% of its total number of issued shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 58 3
No. of Shares 441,307,887 300
% of Voted Shares 99.9999 0.0001
Result Accepted

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