GENERAL MEETINGS: Outcome of Meeting
| HIAP TECK VENTURE BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 17 Dec 2020 |
| Time | 10:00 AM |
| Venue(s) |
Setia City Convention Centre Function Room 8, 1st Floor, No. 1, Jalan Setia Dagang AG U13/AG Setia Alam, Seksyen U13, 40170 Shah Alam Selangor Darul Ehsan Malaysia |
| Outcome of Meeting | The Board of Directors of Hiap Teck Venture Berhad (“Hiap Teck” or “the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Twenty-Fourth Annual General Meeting (“AGM”) dated 16 November 2020 were duly passed by way of poll at the Twenty-Fourth AGM held on 17 December 2020. The results of the poll were validated by the representatives of Strategy Corporate House Sdn Bhd, the independent scrutineer appointed by Hiap Teck.
Please refer to the attachment for the details of the result of the poll.
This announcement is dated 17 December 2020.
Note: Due to the change in the mode of holding the Twenty-Fourth AGM of Hiap Teck announced on 7 December 2020, the venue of the AGM held today was changed from Setia City Convention Centre, Shah Alam to the Broadcast Venue at Auditorium, Level 3A Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim Seksyen 13, 46200 Petaling Jaya, Selangor Darul Ehsan, Malaysia. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the Directors fees of RM305,000.00 for the financial year ended 31 July 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 58 | 1 |
| No. of Shares | 498,004,326 | 2,000 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the Directors allowances payable of RM24,000.00 in respect of the period from 1 August 2020 up to the next Annual General Meeting of the Company to be held in 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 58 | 1 |
| No. of Shares | 498,004,326 | 2,000 |
| % of Voted Shares | 99.9996 | 0.0004 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve a First and Final Single-Tier Dividend of 0.3 sen per share for the financial year ended 31 July 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 0 |
| No. of Shares | 498,006,326 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Tan Sri Abdul Rahman Bin Mamat who is retiring in accordance with Clause 92 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 0 |
| No. of Shares | 498,006,326 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Mr. Lee Ching Kion who is retiring in accordance with Clause 92 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 0 |
| No. of Shares | 498,006,326 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-elect Mr. Law Wai Cheong who is retiring in accordance with Clause 92 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 0 |
| No. of Shares | 498,006,326 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To re-appoint Messrs. KPMG PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 0 |
| No. of Shares | 498,006,326 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Authority to Allot Shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 59 | 0 |
| No. of Shares | 498,006,326 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
||
| Description |
Proposed New and Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 55 | 0 |
| No. of Shares | 155,358,640 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Authority for Tan Sri Abdul Rahman Bin Mamat to continue in office as Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 58 | 1 |
| No. of Shares | 498,006,226 | 100 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | HIAP TECK VENTURE BERHAD |
| Stock Name | HIAPTEK |
| Date Announced | 17 Dec 2020 |
| Category | General Meeting |
| Reference Number | GMA-17122020-00004 |
| Corporate Action ID | MY201217MEET0003 |