GENERAL MEETINGS: Outcome of Meeting
| OVERSEA ENTERPRISE BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 28 Sep 2020 |
| Time | 11:00 AM |
| Venue(s) |
RESTORAN OVERSEA BANDAR BARU SRI PETALING NO. 62-66, JALAN 1/149D BANDAR BARU SRI PETALING 5700 KUALA LUMPUR Malaysia |
| Outcome of Meeting | The Board of Directors of Oversea Enterprise Berhad ("the Company") is pleased to announce that the Ordinary Resolutions 1, 4, 5 and 8 as set out in the Notice of Annual General Meeting ("AGM") of the Company dated 28 August 2020, were duly passed by the shareholders of the Company at the 25th AGM held today, 28 September 2020.
Ordinary Resolutions 2 and 3 have been withdrawn as Mr. Yu Tack Tein and Ms. Chui Mee Chuen had withdrawn their offer for re-election as Directors of the Company. At the close of the 25th AGM held on 28 September 2020, Mr. Yu Tack Tein and Ms. Chui Mee Chuen retired from office as Directors of the Company.
Ordinary Resolutions 6 and 7 have been withdrawn as Mr. Koong Lin Loong and Mr. Chiam Soon Hock had tendered the resignation as Directors of the Company with effect from 28 September 2020.
All Resolutions put to vote were carried by way of polling (please refer to the attached summary of poll result report).
Boardroom Corporate Services Sdn Bhd was appointed as the scrutineer for the polling process.
This announcement is dated 28 September 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the Directors' fees of RM97,200 for the financial year ended 31 March 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 0 |
| No. of Shares | 21,057,493 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To re-elect Mr. Yu Tack Tein as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
3. Ordinary Resolution 3 |
||
| Description |
To re-elect Ms. Chui Mee Chuen as a Director of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
4. Ordinary Resolution 4 |
||
| Description |
To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 0 |
| No. of Shares | 30,858,093 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To approve the payment of benefits payable to the Directors of the Company up to an amount of RM41,000 for the period from 25th Annual General Meeting up to the next Annual General Meeting in the year 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 0 |
| No. of Shares | 21,057,493 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
||
| Description |
To retain Mr. Koong Lin Loong as Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
7. Ordinary Resolution 7 |
||
| Description |
To retain Mr. Chiam Soon Hock as Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 0 | 0 |
| No. of Shares | 0 | 0 |
| % of Voted Shares | 0.0000 | 0.0000 |
| Result | Withdrawn/ Postponed | |
8. Ordinary Resolution 8 |
||
| Description |
Authority to issue shares pursuant to the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 0 |
| No. of Shares | 30,858,093 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | OVERSEA ENTERPRISE BERHAD |
| Stock Name | OVERSEA |
| Date Announced | 28 Sep 2020 |
| Category | General Meeting |
| Reference Number | GMA-28092020-00013 |
| Corporate Action ID | MY200928MEET0013 |