GENERAL MEETINGS: Outcome of Meeting
| KWANTAS CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 30 Nov 2020 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue: AGM Room, K-63A-3rd Floor, Signature Office, KK Times Square, Off Coastal Highway, 88100 Kota Kinabalu, Sabah Malaysia |
| Outcome of Meeting | 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 |
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1. Resolution 1 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 | |
Please refer attachment below.
Announcement Info
| Company Name | KWANTAS CORPORATION BERHAD |
| Stock Name | KWANTAS |
| Date Announced | 30 Nov 2020 |
| Category | General Meeting |
| Reference Number | GMA-30112020-00003 |
| Corporate Action ID | MY201130MEET0003 |