KUCHAI

1.520

(%)

GENERAL MEETINGS: Outcome of Meeting

KUCHAI DEVELOPMENT BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 10 Dec 2020
Time 09:00 AM

Venue(s)
Broadcast Venue:

DoubleTree by Hilton Johor Bahru,

12 Jalan Ngee Heng,

80000 Johor Bahru, Johor Darul Takzim

Malaysia

Outcome of Meeting

The Board of Directors of Kuchai Development Berhad ("the Company") is pleased to announce that all the resolutions set out in the notice of the Fifty-Second Annual General Meeting ("52nd AGM") dated 30 October 2020 were duly passed at the 52nd AGM held at Broadcast Venue of DoubleTree by Hilton Johor Bahru, 12 Jalan Ngee Heng, 80000 Johor Bahru, Johor, Malaysia on 10 December 2020.

All resolutions tabled at the 52nd AGM were voted by poll and results of the poll were validated by the appointed Independent Scrutineer, M/s Boardroom Business Solutions Sdn. Bhd.  Please refer to the attachment for the poll results validated by the scrutineer.

Result of Ordinary Resolution 7 as follows:

  Voted No. of Shareholders No. of Shares % of Voted Shares
Tier 1 (Large Holders) For 4 65,215,941 99.4868
  Against 1 336,384 0.5132
Tier 2 (Other Holders) For 23 597,557 92.6090
  Against 6 47,690 7.3910

 


Voting Results


1. Ordinary Resolution 1

Description
To declare and approve the payment of Single Tier First and Final Dividend of 1 sen per ordinary share for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 32 0
No. of Shares 66,197,454 0
% of Voted Shares 100.0000 0.0000
Result Accepted

2. Ordinary Resolution 2

Description
To declare and approve the payment of Single Tier Bonus Dividend of 0.15 sen per ordinary share for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 34 0
No. of Shares 66,197,572 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description
To approve the payment of aggregate Directors' fees and other benefits not exceeding RM400,000 for the financial year ending 30 June 2021, to be paid on quarterly basis in arrears.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 3
No. of Shares 66,170,682 26,890
% of Voted Shares 99.9594 0.0406
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Mr Lee Soo Hoon as a Director who retires by rotation pursuant to Clause 22.4 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 7
No. of Shares 65,813,498 384,074
% of Voted Shares 99.4198 0.5802
Result Accepted

5. Ordinary Resolution 5

Description
To re-elect Mr Tay Beng Chai as a Director who retires by rotation pursuant to Clause 22.4 of the Company's Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 31 3
No. of Shares 66,170,682 26,890
% of Voted Shares 99.9594 0.0406
Result Accepted

6. Ordinary Resolution 6

Description
To re-appoint Messrs Ernst & Young PLT as Auditors of the Company for the financial year ending 30 June 2021 and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 1
No. of Shares 66,193,572 4,000
% of Voted Shares 99.9940 0.0060
Result Accepted

7. Ordinary Resolution 7

Description
Continuing in Office as Independent Non-Executive Chairman, Mr Lee Soo Hoon.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 27 7
No. of Shares 65,813,498 384,074
% of Voted Shares 99.4198 0.5802
Result Accepted

8. Ordinary Resolution 8

Description
Authority to Allot and Issue Shares by Directors pursuant to Sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 25 9
No. of Shares 65,807,498 390,074
% of Voted Shares 99.4107 0.5893
Result Accepted

9. Ordinary Resolution 9

Description
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 33 1
No. of Shares 66,193,572 4,000
% of Voted Shares 99.9940 0.0060
Result Accepted

10. Ordinary Resolution 10

Description
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading In Nature Entered with Ice Cold Beer Pte. Ltd.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 7
No. of Shares 1,425,375 384,074
% of Voted Shares 78.7740 21.2260
Result Accepted

11. Ordinary Resolution 11

Description
Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading In Nature Entered with The Nyalas Rubber Estates Limited.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 23 7
No. of Shares 1,425,375 384,074
% of Voted Shares 78.7740 21.2260
Result Accepted



Please refer attachment below.

Attachments

Kuchai - AGM Poll Result.pdf
70.5 kB




Announcement Info

Company Name KUCHAI DEVELOPMENT BERHAD
Stock Name KUCHAI
Date Announced 10 Dec 2020
Category General Meeting
Reference Number GMA-10122020-00014
Corporate Action ID MY201210MEET0011