GENERAL MEETINGS: Outcome of Meeting
| ASIA BRANDS BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 26 Aug 2020 |
| Time | 09:00 AM |
| Venue(s) |
Conference Room of the Company, Lot 10449, Jalan Nenas, Batu 4 1/2, Kampung Jawa, 41000 Klang, Selangor Malaysia |
| Outcome of Meeting | The Board of Directors of Asia Brands Berhad wishes to announce that all of the resolutions as set out in the Notice of the Forty-Fifth Annual General Meeting ("45th AGM") dated 27 July 2020 were duly passed by the shareholders at the 45th AGM held today. All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the results of the polling in respect of all the resolutions at the 45th AGM are set out below.
This announcement is dated 26 August 2020. |
Voting Results |
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1. Resolution 1 |
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| Description |
To approve the payment of Directors fees and benefits for the period from 27 August 2020 to the next Annual General Meeting of the Company in year 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 7 | 0 |
| No. of Shares | 79,417,054 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To re-elect Mr. Ng Chin Huat, who retires pursuant to Clause 118 of the Companys Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 6 | 0 |
| No. of Shares | 78,117,054 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-appoint Messrs. Reanda LLKG International as Auditors of the Company and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 7 | 0 |
| No. of Shares | 79,417,054 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
Ordinary Resolution 1 - Retention of Mr. Kong Sau Kian as an Independent Non-Executive Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 7 | 0 |
| No. of Shares | 79,417,054 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
Ordinary Resolution 2 - Retention of Mr. Lim Kim Meng as an Independent Non-Executive Director |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 7 | 0 |
| No. of Shares | 79,417,054 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
Ordinary Resolution 3 - Authority to Issue Shares Pursuant to the Companies Act 2016 |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 7 | 0 |
| No. of Shares | 79,417,054 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
Ordinary Resolution 4 - Proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 4 | 0 |
| No. of Shares | 943,100 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
Ordinary Resolution 5 - Proposed renewal of share buy back authority of up to 10% of the total number of issued shares of the Company |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 7 | 0 |
| No. of Shares | 79,417,054 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | ASIA BRANDS BERHAD |
| Stock Name | ASIABRN |
| Date Announced | 26 Aug 2020 |
| Category | General Meeting |
| Reference Number | GMA-25082020-00020 |
| Corporate Action ID | MY200825MEET0019 |