PETALING JAYA: The government’s movement control order, which kicks off today until the end of the month, has prompted an increasing number of companies to postpone their respective AGMs and EGMs that were originally scheduled for this month.
Among the companies that announced their postponements on Bursa Malaysia yesterday are Manforce Group Bhd, Pavilion Real Estate Investment Trust
, Paragon Globe Bhd, Wellcall Holdings Bhd, Mynews Holdings Bhd, ECO WORLD DEVELOPMENT GROUP Bhd, Sunsuria Bhd and BURSA MALAYSIA BHD.
In a statement from law firm Mah-Kamariyah & Philip Koh, corporate lawyer Philip Koh said Section 340 of the Companies Act 201 provides that a company is statutorily obliged to hold an AGM within six months from its financial year end.
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