The Board of Directors of Wah Seong Corporation Berhad ("Company") wishes to announce that at its TwentiethAnnual General Meeting ("20th AGM")held this afternoon, all the ordinary resolutions and special resolution as set out in the Notice of 20th AGM dated 18 May 2020were duly approved by the shareholders of the Company.
All the ordinary resolutions and special resolutionwere voted by poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn. Bhd., an independent Scrutineer appointed by the Company.
The detailed results of the poll are set out in the attachment.
This announcement is dated 23 June 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To receive and adopt the Audited Financial Statements of the Company and the Group for the financial year ended 31 December 2019 and the Reports of the Directors and Auditors thereon. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 83 | 5 |
No. of Shares | 539,315,222 | 1,488 |
% of Voted Shares | 99.9997 | 0.0003 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the Directors' Fees of RM530,000 and Directors' Meeting Allowances of RM153,000 payable for the financial year ended 31 December 2019. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 79 | 9 |
No. of Shares | 539,396,217 | 17,476 |
% of Voted Shares | 99.9968 | 0.0032 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Dato' Seri Robert Tan Chung Meng as Director who retires pursuant to Clause 116 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 74 | 12 |
No. of Shares | 532,406,934 | 264,162 |
% of Voted Shares | 99.9504 | 0.0496 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Halim Bin Haji Din as Director who retires pursuant to Clause 116 of the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 69 | 17 |
No. of Shares | 424,729,152 | 107,941,944 |
% of Voted Shares | 79.7357 | 20.2643 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 81 | 8 |
No. of Shares | 539,354,285 | 59,508 |
% of Voted Shares | 99.9890 | 0.0110 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To authorise the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act, 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 74 | 15 |
No. of Shares | 466,539,046 | 72,874,747 |
% of Voted Shares | 86.4900 | 13.5100 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Proposed Renewal of Authority to Buy-Back its Own Shares by the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 84 | 5 |
No. of Shares | 539,377,410 | 36,383 |
% of Voted Shares | 99.9933 | 0.0067 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions and Provision of Financial Assistance. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 56 | 10 |
No. of Shares | 115,361,386 | 1,141,717 |
% of Voted Shares | 99.0200 | 0.9800 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions and Provision of Financial Assistance. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 68 | 9 |
No. of Shares | 456,647,183 | 931,012 |
% of Voted Shares | 99.7965 | 0.2035 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
To retain Halim Bin Haji Din as an Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 68 | 17 |
No. of Shares | 424,677,398 | 107,941,944 |
% of Voted Shares | 79.7338 | 20.2662 |
Result | Accepted | |
11. Ordinary Resolution 11 |
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Description |
To retain Professor Tan Sri Lin See Yan as an Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 70 | 15 |
No. of Shares | 424,677,598 | 107,941,744 |
% of Voted Shares | 79.7338 | 20.2662 |
Result | Accepted | |
12. Special Resolution 1 |
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Description |
Proposed Amendment to the Company's Constitution. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 83 | 6 |
No. of Shares | 539,412,205 | 1,588 |
% of Voted Shares | 99.9997 | 0.0003 |
Result | Accepted | |
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