GENERAL MEETINGS: Outcome of Meeting
TEO SENG CAPITAL BERHAD |
Type of Meeting | General |
Indicator | Outcome of Meeting |
Date of Meeting | 12 Aug 2020 |
Time | 11:30 AM |
Venue(s) |
Teo Seng Capital Berhad Conference Room, First Floor Lot PTD 25740 Batu 4, Jalan Air Hitam 83700 Yong Peng, Johor Malaysia |
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Outcome of Meeting | The Board of Directors of Teo Seng Capital Berhad ("Teo Seng") is pleased to announce that all the resolutions set out in the Notice of Fourteenth Annual General Meeting ("14th AGM") dated 30 June 2020 were duly passed at the 14th AGM of Teo Seng held earlier today. All the resolutions were approved by way of poll at the 14th AGM. The results of the poll were validated by Asia Securities Sdn Bhd, the independent scrutineer appointed by Teo Seng. Ordinary Resolutions 5 and 6 were voted by a two-tier voting process in accordance to Practice 4.2 of the Malaysian Code on Corporate Governance. The details of the poll results are set out in the attachment.
Details of the poll results for Ordinary Resolutions 5 and 6 under a two-tier voting process are as follows:
This announcement is dated 12 August 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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Description |
To approve the payment of Directors fees and benefits up to RM168,000.00 with effect from 13 August 2020 until the next Annual General Meeting of the Company to be held in 2021. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 50 | 1 |
No. of Shares | 187,468,102 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
2. Ordinary Resolution 2 |
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Description |
To re-elect Choong Keen Shian who retires pursuant to Clause 76(3) of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
3. Ordinary Resolution 3 |
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Description |
To re-elect Frederick Ng Yong Chiang who retires pursuant to Clause 76(3) of the Constitution of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
4. Ordinary Resolution 4 |
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Description |
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the financial year ending 31 December 2020 and to authorise the Directors to fix their remuneration. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
5. Ordinary Resolution 5 |
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Description |
Proposed continuation in office of Choong Keen Shian as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
6. Ordinary Resolution 6 |
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Description |
Proposed continuation in office of Frederick Ng Yong Chiang as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
7. Ordinary Resolution 7 |
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Description |
Continuation in office of Dato' Koh Low @ Koh Kim Toon as Independent Non-Executive Director. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
8. Ordinary Resolution 8 |
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Description |
Authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
9. Ordinary Resolution 9 |
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Description |
Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 34 | 1 |
No. of Shares | 11,723,062 | 300 |
% of Voted Shares | 99.9974 | 0.0026 |
Result | Accepted | |
10. Ordinary Resolution 10 |
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Description |
Proposed renewal of authorisation to enable the Company to purchase up to 10% of the total number of issued shares of the Company. |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 51 | 1 |
No. of Shares | 187,634,704 | 300 |
% of Voted Shares | 99.9998 | 0.0002 |
Result | Accepted | |
Please refer attachment below.
Announcement Info
Company Name | TEO SENG CAPITAL BERHAD |
Stock Name | TEOSENG |
Date Announced | 12 Aug 2020 |
Category | General Meeting |
Reference Number | GMA-08072020-00009 |
Corporate Action ID | MY200708MEET0008 |