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Jalan Batu Tiga Lama, 41300 Klang, Selangor Darul Ehsan
Malaysia
Outcome of Meeting
On behalf of the Board of Directors of Muhibbah Engineering (M) Berhad ("MEB"), we are pleased to announce that at the Forty-Seventh Annual General Meeting ("47th AGM") of MEB held on 10 September 2020, the shareholders of MEB had approved all the resolutions referred to in the Notice of 47th AGM dated 13 August 2020.
All the resolutions were determined by way of poll and the results of the poll were validated by Cygnus IT Solutions PLT, the Independent Scrutineer appointed by the Company.
This announcement is dated 10 September 2020.
Voting Results
1. Ordinary Resolution 1
Description
To approve the declaration of a first and final tax exempt dividend of 2.5 sen per ordinary share.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
186
3
No. of Shares
277,240,738
10,701
% of Voted Shares
99.9961
0.0039
Result
Accepted
2. Ordinary Resolution 2
Description
To re-elect Mr Mac Ngan Boon @ Mac Yin Boon as Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
169
14
No. of Shares
202,163,999
876,124
% of Voted Shares
99.5685
0.4315
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Dato' Mohamad Kamarudin bin Hassan as Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
167
16
No. of Shares
263,505,210
28,724
% of Voted Shares
99.9891
0.0109
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Encik Mazlan Bin Abdul Hamid as Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
160
23
No. of Shares
260,056,871
2,977,068
% of Voted Shares
98.8682
1.1318
Result
Accepted
5. Ordinary Resolution 5
Description
To approve the payment of directors' fees and benefits payable of up to RM2,500,000 from 11 September 2020 until the next Annual General Meeting.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
156
29
No. of Shares
277,211,609
31,830
% of Voted Shares
99.9885
0.0115
Result
Accepted
6. Ordinary Resolution 6
Description
To re-appoint Messrs Crowe Malaysia PLT as the Company's Auditors and to authorise the Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
181
7
No. of Shares
277,247,735
1,904
% of Voted Shares
99.9993
0.0007
Result
Accepted
7. Ordinary Resolution 7 (First Tier)
Description
To retain Tan Sri Zakaria bin Abdul Hamid as an Independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
4
0
No. of Shares
74,201,416
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
8. Ordinary Resolution 7 (Second Tier)
Description
To retain Tan Sri Zakaria bin Abdul Hamid as an Independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
143
41
No. of Shares
123,902,838
79,145,385
% of Voted Shares
61.0214
38.9786
Result
Accepted
9. Ordinary Resolution 8 (First Tier)
Description
To retain Encik Abd Hamid bin Ibrahim as an Independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
4
0
No. of Shares
74,201,416
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
10. Ordinary Resolution 8 (Second Tier)
Description
To retain Encik Abd Hamid bin Ibrahim as an Independent Non-Executive Director of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
142
42
No. of Shares
112,603,338
90,444,885
% of Voted Shares
55.4565
44.5435
Result
Accepted
11. Ordinary Resolution 9
Description
To authorise the Directors to issue and allot shares pursuant to Section 75 of the Companies Act, 2016.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
161
26
No. of Shares
231,616,535
23,919,404
% of Voted Shares
90.6395
9.3605
Result
Accepted
12. Ordinary Resolution 10
Description
To approve the Proposed Renewal of Authority for Share Buy-Back.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
176
12
No. of Shares
276,781,625
469,804
% of Voted Shares
99.8305
0.1695
Result
Accepted
13. Ordinary Resolution 11
Description
To approve the Proposed Renewal of the Existing Shareholders Mandate and Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.