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 |
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| 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:
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Voting Results |
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1. Ordinary Resolution 1 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| 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. |
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| 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 |
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| Description |
Continuing in Office as Independent Non-Executive Chairman, Mr Lee Soo Hoon. |
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| 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 |
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| Description |
Authority to Allot and Issue Shares by Directors 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 | 25 | 9 |
| No. of Shares | 65,807,498 | 390,074 |
| % of Voted Shares | 99.4107 | 0.5893 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Proposed Renewal of Shareholders' Mandate for Share Buy-Back Authority. |
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| 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 |
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| 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. |
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| 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 |
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| 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. |
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| 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.
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 |