GENERAL MEETINGS: Outcome of Meeting
| CB INDUSTRIAL PRODUCT HOLDING BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Jul 2020 |
| Time | 10:00 AM |
| Venue(s) |
[Broadcast Venue] Aquamarin Room, The Saujana Hotel Kuala Lumpur Jalan Lapangan Terbang SAAS 40150 Shah Alam, Selangor Malaysia |
| Outcome of Meeting | CB Industrial Product Holding Berhad ("the Company" or "CBIPH") is pleased to announce that the resolutions set out in the Notice of the Twenty-Third Annual General Meeting ("23rd AGM") of the Company dated 30 June 2020 were duly passed as Ordinary Resolution(s) by way of a poll at the 23rd AGM of the Company held on Thursday, 30 July 2020 at 10.00 a.m.
The results of the poll were validated by Messrs Boardroom Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This announcement is dated 30 July 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To re-elect Wong Chee Beng as a Director who retires in accordance with Clause 97 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 110 | 39 |
| No. of Shares | 208,734,853 | 35,365,678 |
| % of Voted Shares | 85.5118 | 14.4882 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mak Chee Meng as a Director who retires in accordance with Clause 97 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 122 | 28 |
| No. of Shares | 215,862,913 | 28,237,620 |
| % of Voted Shares | 88.4320 | 11.5680 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Karpanadevi A/P K R Somasundram as a Director who retires in accordance with Clause 104 of the Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 127 | 23 |
| No. of Shares | 244,078,813 | 21,720 |
| % of Voted Shares | 99.9911 | 0.0089 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To approve the payment of Directors' Remuneration of RM570,000 for the financial period from 1 July 2020 until 30 June 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 106 | 40 |
| No. of Shares | 224,796,890 | 122,221 |
| % of Voted Shares | 99.9457 | 0.0543 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 131 | 15 |
| No. of Shares | 244,080,629 | 66,894 |
| % of Voted Shares | 99.9726 | 0.0274 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the Authority to Issue and Allot Shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 118 | 28 |
| No. of Shares | 242,087,913 | 2,059,610 |
| % of Voted Shares | 99.1564 | 0.8436 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To approve the Proposed Authority for Purchase of Own Shares by the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 129 | 17 |
| No. of Shares | 244,079,113 | 68,410 |
| % of Voted Shares | 99.9720 | 0.0280 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 102 | 23 |
| No. of Shares | 41,460,035 | 61,510 |
| % of Voted Shares | 99.8519 | 0.1481 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
(Tier 1 - Large Holder) To approve the continuing in office for Tan Sri Datuk Dr. Yusof Bin Basiran as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 8 | 0 |
| No. of Shares | 111,378,156 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Ordinary Resolution 9 |
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| Description |
(Tier 2 - Other Holders) To approve the continuing in office for Tan Sri Datuk Dr. Yusof Bin Basiran as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 113 | 27 |
| No. of Shares | 102,644,157 | 30,078,210 |
| % of Voted Shares | 77.3375 | 22.6625 |
| Result | Accepted | |
11. Ordinary Resolution 10 |
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| Description |
(Tier 1 - Large Holder) To approve the continuing in office for Wong Chee Beng as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 8 | 0 |
| No. of Shares | 111,378,156 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
12. Ordinary Resolution 10 |
||
| Description |
(Tier 2 - Other Holders) To approve the continuing in office for Wong Chee Beng as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 103 | 36 |
| No. of Shares | 97,304,597 | 35,416,770 |
| % of Voted Shares | 73.3149 | 26.6851 |
| Result | Accepted | |
Announcement Info
| Company Name | CB INDUSTRIAL PRODUCT HOLDING BERHAD |
| Stock Name | CBIP |
| Date Announced | 30 Jul 2020 |
| Category | General Meeting |
| Reference Number | GMA-30072020-00013 |
| Corporate Action ID | MY200730MEET0013 |