The Board of Directors of Keck Seng (Malaysia) Berhad (the "Company") is pleased to announce that all the resolutions set out in the Notice of the Fiftieth Annual General Meeting ("50th AGM") dated 29 July 2020 were duly passed by way of poll at the 50th AGM of the Company held earlier today via remote participation and voting.
The results of the poll have been verified by Asia Securities Sdn Berhad, the Independent Scrutineers appointed by the Company.
This announcement is dated 27 August 2020.
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors' fees of RM1,055,000 for the financial year ended 31 December 2019. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 57 | 20 |
No. of Shares | 181,055,191 | 5,998,888 |
% of Voted Shares | 96.7930 | 3.2070 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To approve the payment of Directors' benefits of RM350,000 from the date of the forthcoming Annual General Meeting until the next Annual General Meeting of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 56 | 21 |
No. of Shares | 181,000,191 | 6,053,888 |
% of Voted Shares | 96.7636 | 3.2364 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Chan Lui Ming Ivan who is retiring in accordance with Clause 76(3) of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 64 | 17 |
No. of Shares | 181,287,797 | 5,860,375 |
% of Voted Shares | 96.8686 | 3.1314 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-elect Maj-Gen (R) Dato' Muhammad Bin Yunus who is retiring in accordance with Clause 76(3) of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 64 | 17 |
No. of Shares | 181,489,897 | 5,658,275 |
% of Voted Shares | 96.9766 | 3.0234 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
To re-elect Tai Lam Shin who is retiring in accordance with Clause 76(3) of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 63 | 18 |
No. of Shares | 181,261,797 | 5,886,375 |
% of Voted Shares | 96.8547 | 3.1453 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
To re-elect Liew Foong Yuen who is retiring in accordance with Clause 78 of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 63 | 17 |
No. of Shares | 181,261,797 | 5,586,375 |
% of Voted Shares | 97.0102 | 2.9898 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
To re-appoint Ernst & Young PLT as Auditors of the Company and to authorise the Board of Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 66 | 15 |
No. of Shares | 181,548,797 | 5,599,375 |
% of Voted Shares | 97.0081 | 2.9919 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Proposed continuation in office of Too Hing Yeap @ Too Heng Yip as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 61 | 20 |
No. of Shares | 181,223,797 | 5,924,375 |
% of Voted Shares | 96.8344 | 3.1656 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
Proposed continuation in office of Maj-Gen (R) Dato' Muhammad Bin Yunus as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 61 | 20 |
No. of Shares | 181,425,897 | 5,722,275 |
% of Voted Shares | 96.9424 | 3.0576 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
Proposed Authority to Allot and Issue 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 | 63 | 18 |
No. of Shares | 181,326,297 | 5,821,875 |
% of Voted Shares | 96.8892 | 3.1108 |
Result | Accepted | |
11. Ordinary Resolution 11 |
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Description |
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 59 | 16 |
No. of Shares | 7,223,696 | 5,820,375 |
% of Voted Shares | 55.3792 | 44.6208 |
Result | Accepted | |
12. Ordinary Resolution 12 |
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Description |
Proposed Renewal of Shareholders' Mandate for Share Buy-Back. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 64 | 16 |
No. of Shares | 181,456,297 | 5,654,375 |
% of Voted Shares | 96.9781 | 3.0219 |
Result | Accepted | |