[RALCO] General on 29-Jul-2020

Stock
[RALCO]: RALCO CORPORATION BHD
Announcement Date
29-Jun-2020
Type
General
Date & Time
29-Jul-2020 10:00
Depositor Date
22-Jul-2020
Venue
Langkawi Room, Bukit Jalil Golf & Country Resort Jalan Jalil Perkasa 3, Bukit Jalil 57000 Kuala Lumpur
Description
25th Annual General Meeting
Notice of AGM 2020.pdf
Outcome

The Board of Directors of Ralco CorporationBerhad ("RCB") wishes to announce that all resolutions set out in the Notice of the Twenty-Fifth(25th) Annual General Meeting ("25th AGM") of the Company dated30June 2020, were duly passed as Ordinary Resolutions at the 25th AGM of the Company held on Wednesday, 29 July 2020 at 10.00 a.m.

All the resolutions were voted by poll and the results of the poll were validated by Mega Business Consultancy Division, the Independent Scrutineer appointed by the Company.


Please refer to the attachment for the poll results.

This announcement is dated 29 July 2020.

Voting Results

1. Ordinary Resolution 1

Description 
To approve the payment of Directors' fees amounting to RM140,000.00 for the financial year ended 31 December 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 2
No. of Shares 13,931,200 6,000
% of Voted Shares 99.9570 0.0431
Result Accepted

2. Ordinary Resolution 2

Description 
To approve the Directors' remuneration (excluding Directors' fee) payable to the Non-Executive Directors of the Company and its subsidiaries amounting to RM44,500.00 for the financial period from 1 July 2020 until 30 June 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 1
No. of Shares 13,937,170 30
% of Voted Shares 99.9998 0.0002
Result Accepted

3. Ordinary Resolution 3

Description 
To re-elect Mr Heng Chee Wei, who retires by rotation pursuant to Clause 97.1 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 1
No. of Shares 13,937,170 30
% of Voted Shares 99.9998 0.0002
Result Accepted

4. Ordinary Resolution 4

Description 
To re-elect Mr Ang Seng Wong, who retires pursuant to Clause 104 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 1
No. of Shares 13,937,170 30
% of Voted Shares 99.9998 0.0002
Result Accepted

5. Ordinary Resolution 5

Description 
To re-appoint Messrs. RSM Malaysia (AF 0768) as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 1
No. of Shares 13,937,170 30
% of Voted Shares 99.9998 0.0002
Result Accepted

6. Ordinary Resolution 6

Description 
To approve the Authority to Issue and Allot Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 2
No. of Shares 13,931,200 6,000
% of Voted Shares 99.9570 0.0431
Result Accepted

7. Ordinary Resolution 7

Description 
(Tier 1)
To approve the Continuing In Office as an Independent Non- Executive Director - Datuk Lim Si Cheng
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 1,000,000 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Ordinary Resolution 7

Description 
(Tier 2)
To approve the Continuing In Office as an Independent Non- Executive Director - Datuk Lim Si Cheng
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 1
No. of Shares 12,937,170 30
% of Voted Shares 99.9998 0.0002
Result Accepted

9. Ordinary Resolution 8

Description 
To approve the Continuing In Office as an Independent Non- Executive Director - Law Doung Chin
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 8 1
No. of Shares 13,937,170 30
% of Voted Shares 99.9998 0.0002
Result Accepted

Remark
-
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment