GENERAL MEETINGS: Outcome of Meeting
| HIAP TECK VENTURE BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 17 Dec 2019 |
| Time | 10:00 AM |
| Venue(s) |
Setia City Convention Centre, Function Room 8, 1st Floor, No. 1, Jalan Setia Dagang AG U13/AG, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor. |
| Outcome of Meeting | The Board of Directors of Hiap Teck Venture Berhad (“Hiap Teck” or “the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Twenty-Third Annual General Meeting (“AGM”) dated 19 November 2019 were duly passed by way of poll at the Twenty-Third AGM held on 17 December 2019. The results of the poll were validated by Strategy Corporatehouse Sdn Bhd, the independent scrutineer appointed by Hiap Teck.
Please refer to the attachment for the details of the result of the poll.
This announcement is dated 17 December 2019. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the Directors fees and allowances of RM327,000.00 for the financial year ended 31 July 2019. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 1 |
| No. of Shares | 467,908,411 | 200,200 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the Directors allowances payable of RM24,000.00 in respect of the period from 1 August 2019 up to the next Annual General Meeting of the Company to be held in 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 83 | 0 |
| No. of Shares | 468,108,611 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve a First and Final Single Tier Dividend of 0.5 sen per share for the financial year ended 31 July 2019. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 1 |
| No. of Shares | 467,908,411 | 200,200 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Tan Sri Dato Law Tien Seng who is retiring in accordance with Article 79 of the Company's Articles of Association. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 81 | 2 |
| No. of Shares | 467,876,211 | 232,400 |
| % of Voted Shares | 99.9504 | 0.0496 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Mr. Tan Shau Ming who is retiring in accordance with Article 79 of the Company's Articles of Association. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 81 | 2 |
| No. of Shares | 467,876,211 | 232,400 |
| % of Voted Shares | 99.9504 | 0.0496 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Messrs. KPMG PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 1 |
| No. of Shares | 467,908,411 | 200,200 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To grant the authority to allot shares pursuant to sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 1 |
| No. of Shares | 467,908,411 | 200,200 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
To approve the Proposed New and 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 | 79 | 1 |
| No. of Shares | 216,460,725 | 200,200 |
| % of Voted Shares | 99.9076 | 0.0924 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
To authorise Tan Sri Abdul Rahman bin Mamat to continue in office as Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 81 | 2 |
| No. of Shares | 467,908,311 | 200,300 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
10. Special Resolution |
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| Description |
To adopt the Proposed New Constitution of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 82 | 1 |
| No. of Shares | 467,908,411 | 200,200 |
| % of Voted Shares | 99.9572 | 0.0428 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | HIAP TECK VENTURE BERHAD |
| Stock Name | HIAPTEK |
| Date Announced | 17 Dec 2019 |
| Category | General Meeting |
| Reference Number | GMA-17122019-00009 |
| Corporate Action ID | MY191217MEET0009 |