[KWANTAS] General on 30-Nov-2020

Stock
[KWANTAS]: KWANTAS CORPORATION BHD
Announcement Date
28-Oct-2020
Type
General
Date & Time
30-Nov-2020 10:00
Depositor Date
20-Nov-2020
Venue
Broadcast Venue: AGM Room, K-63A-3rd Floor, Signature Office, KK Times Square, Off Coastal Highway, 88100 Kota Kinabalu, Sabah
Description
Notice of 25th Annual General Meeting ("25th AGM") of Kwantas Corporation Berhad ("Kwantas" or "the Company") The 25th AGM of Kwantas will be held fully virtual through live streaming from the Broadcast Venue.
Notice of AGM and Administrative Guide.pdf
Outcome

The Board of Directors of Kwantas Corporation Berhad ("the Company") wishes to announce that all resolutions set out in the Notice of 25th Annual General Meeting ("AGM") of the Company dated 30th October 2020 were duly approved by the shareholders of the Company at the AGM held today, 30th November 2020.

The results of the poll were validated by Asia Securities Sdn Bhd, the Independent Scrutineer appointed by the Company.

This announcement is dated 30th November 2020.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors fees up to an amount of RM180,000 to Non-Executive Directors from the 25th AGM to the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 0
No. of Shares 269,704,168 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To approve the payment of meeting allowance up to an aggregate amount of not more than RM24,000 to Non-Executive Directors from the 25th AGM to the next Annual General Meeting of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 0
No. of Shares 269,704,168 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-elect Mr Ooi Jit Huat who retires by rotation pursuant to Clause 87 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 1
No. of Shares 269,762,968 1,000
% of Voted Shares 99.9996 0.0004
Result Accepted

4. Resolution 4

Description 
To re-elect Dato' Chong Kan Hiung who retires by rotation pursuant to Clause 87 of the Company's Constitution and being eligible, offers himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 44 1
No. of Shares 269,026,968 1,000
% of Voted Shares 99.9996 0.0004
Result Accepted

5. Resolution 5

Description 
To re-appoint Messrs PKF as Auditors of the Company and authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 0
No. of Shares 269,762,968 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
To approve the authority to allot and issue shares pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 1
No. of Shares 269,703,968 60,000
% of Voted Shares 99.9778 0.0222
Result Accepted

7. Resolution 7

Description 
To approve the proposed renewal of and new shareholders' mandate for recurrent related party transactions of a revenue or trading nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 39 0
No. of Shares 81,674,204 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 8

Description 
To approve the proposed renewal of authority for the Company to purchase up to 10% of the issued shares of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 45 1
No. of Shares 269,703,968 60,000
% of Voted Shares 99.9778 0.0222
Result Accepted

9. Resolution 9

Description 
To approve the proposed continuing in office as Independent Non-Executive Director for Mr Ooi Jit Huat.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 0
No. of Shares 188,066,764 0
% of Voted Shares 100.0000 0.0000
Result Accepted

10. Resolution 9 - Tier 2

Description 
To approve the proposed continuing in office as Independent Non-Executive Director for Mr Ooi Jit Huat
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 40 1
No. of Shares 81,636,404 1,000
% of Voted Shares 99.9988 0.0012
Result Accepted

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