GENERAL MEETINGS: Outcome of Meeting
| SHIN YANG SHIPPING CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 08 Dec 2020 |
| Time | 11:00 AM |
| Venue(s) |
Conference Room, Level 5 Imperial Hotel, Jalan Pos 98000 Miri, Sarawak Malaysia |
| Outcome of Meeting | The Board of Directors of Shin Yang Shipping Corporation Berhad ("SYSCORP" or the "Company") wishes to announce that all the resolutions as set out in the Revised Notice of Annual General Meeting dated 17th November 2020 were duly passed by the shareholders of the Company at the 15th Annual General Meeting of the Company held today. All the resolutions were voted by poll and the results of the poll were validated by David Siaw & Co Advocates, the independent scrutineer appointed by the Company. Please refer to the attachment for the poll results.
This announcement is dated 8 December 2020 |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the Directors fees for the financial year ended 30 June 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 0 |
| No. of Shares | 967,861,532 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To re-elect the following Directors who are retiring in accordance with clause 90 of the Company's Constitution, and being eligible, have offered themselves for re-election:- i) Mr. Ling Chiong Pin |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 0 |
| No. of Shares | 933,058,864 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-elect the following Directors who are retiring in accordance with clause 90 of the Company's Constitution, and being eligible, have offered themselves for re-election:- ii) Mdm. Ling Siu Chuo |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 0 |
| No. of Shares | 931,861,523 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect the following Directors who are retiring in accordance with clause 90 of the Company's Constitution, and being eligible, have offered themselves for re-election:- iii) Datuk Lawrence Lai Yew Son |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 0 |
| No. of Shares | 967,531,523 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To appoint Auditors of the Company and to authorise the Directors to determine their remuneration. Notice of Nomination pursuant to Section 271 (4) of the Companies Act 2016, a copy of which is annexed hereto and marked Annexure A has been received by the Company for the nomination of Messrs CROWE MALAYSIA PLT, who have given their consent to act, for appointment as auditors and of the intention to propose the following ordinary resolution: THAT, Messrs CROWE MALAYSIA PLT be and are hereby appointed as auditors of the Company in place of the retiring auditors, Messrs Ernst & Young PLT, and to hold office until the conclusion of the next Annual General Meeting AND THAT the Directors be authorised to fix their remuneration |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 0 |
| No. of Shares | 967,861,532 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
Proposed Retention of Independent Directors (i) THAT authority be and is hereby given to Datuk Lawrence Lai Yew Son who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years, to continue to act as an Independent Non- Executive Director of the Company in accordance with the Malaysian Code on Corporate Governance 2017 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 0 |
| No. of Shares | 967,531,523 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
Proposed Retention of Independent Directors (ii) THAT authority be and is hereby given to Mr. Koh Ek Chong who has served as an Independent Non-Executive Director of the Company for a cumulative term of more than nine (9) years, to continue to act as an Independent Non-Executive Director of the Company in accordance with the Malaysian Code on Corporate Governance 2017 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 0 |
| No. of Shares | 967,742,532 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 30 | 0 |
| No. of Shares | 107,318,900 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
9. Resolution 9 |
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| Description |
Proposed Renewal of Authority On Shares Buy Back. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 0 |
| No. of Shares | 967,861,532 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | SHIN YANG SHIPPING CORPORATION BERHAD |
| Stock Name | SYSCORP |
| Date Announced | 08 Dec 2020 |
| Category | General Meeting |
| Reference Number | GMA-08122020-00006 |
| Corporate Action ID | MY201208MEET0005 |