[ASIABRN] General on 26-Aug-2020

Stock
[ASIABRN]: ASIA BRANDS BERHAD
Announcement Date
24-Jul-2020
Type
General
Date & Time
26-Aug-2020 09:00
Depositor Date
18-Aug-2020
Venue
Conference Room of the Company, Lot 10449, Jalan Nenas, Batu 4 1/2, Kampung Jawa, 41000 Klang, Selangor
Description
ASIA BRANDS BERHAD ("the Company") Forty-Fifth Annual General Meeting
Notice of 45th AGM.pdf
Outcome

The Board of Directors of Asia Brands Berhad wishes to announce that all of the resolutions as set out in the Notice of the Forty-Fifth Annual General Meeting ("45thAGM") dated 27July2020were duly passed by the shareholders at the 45thAGM held today. All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the results of the polling in respect of all the resolutions at the 45thAGM are set out below.

This announcement is dated 26August2020.

Voting Results

1. Resolution 1

Description 
To approve the payment of Directors fees and benefits for the period from 27 August 2020 to the next Annual General Meeting of the Company in year 2021.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 79,417,054 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Resolution 2

Description 
To re-elect Mr. Ng Chin Huat, who retires pursuant to Clause 118 of the Companys Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 6 0
No. of Shares 78,117,054 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Resolution 3

Description 
To re-appoint Messrs. Reanda LLKG International as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 79,417,054 0
% of Voted Shares 100.0000 0.0000
Result Accepted

4. Resolution 4

Description 
Ordinary Resolution 1
-  Retention of Mr. Kong Sau Kian as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 79,417,054 0
% of Voted Shares 100.0000 0.0000
Result Accepted

5. Resolution 5

Description 
Ordinary Resolution 2
-  Retention of Mr. Lim Kim Meng as an Independent Non-Executive Director
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 79,417,054 0
% of Voted Shares 100.0000 0.0000
Result Accepted

6. Resolution 6

Description 
Ordinary Resolution 3
-  Authority to Issue Shares Pursuant to the Companies Act 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 79,417,054 0
% of Voted Shares 100.0000 0.0000
Result Accepted

7. Resolution 7

Description 
Ordinary Resolution 4
-  Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 4 0
No. of Shares 943,100 0
% of Voted Shares 100.0000 0.0000
Result Accepted

8. Resolution 8

Description 
Ordinary Resolution 5
-  Proposed renewal of share buy back authority of up to 10% of the total number of issued shares of the Company
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 7 0
No. of Shares 79,417,054 0
% of Voted Shares 100.0000 0.0000
Result Accepted

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