GENERAL MEETINGS: Outcome of Meeting
| WAH SEONG CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 21 May 2021 |
| Time | 11:00 AM |
| Venue(s) |
Broadcasting Venue Boardroom, Suite 19.01, Level 19 The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Wilayah Persekutuan Malaysia |
| Outcome of Meeting | The Board of Directors of Wah Seong Corporation Berhad ("Company") wishes to announce that at its Twenty-First Annual General Meeting ("21st AGM") held this morning, all the ordinary resolutions and special resolution as set out in the Notice of 21st AGM dated 22 April 2021 were duly approved by the shareholders of the Company.
All the ordinary resolutions and special resolution were voted by poll and the results of the poll were validated by Coopers Professional Scrutineers Sdn. Bhd., an independent Scrutineer appointed by the Company.
The detailed results of the poll are set out in the attachment.
This announcement is dated 21 May 2021. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the proposed increase in Directors' Meeting Allowances of up to RM250,000 payable for the financial year ended 31 December 2020 and subsequent financial years. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 115 | 13 |
| No. of Shares | 569,172,289 | 32,565 |
| % of Voted Shares | 99.9943 | 0.0057 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the Directors' Fees of RM530,000 and Directors' Meeting Allowances of RM198,000 payable for the financial year ended 31 December 2020. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 116 | 12 |
| No. of Shares | 569,172,299 | 32,555 |
| % of Voted Shares | 99.9943 | 0.0057 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Chan Cheu Leong as Director who retires pursuant to Clause 116 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 119 | 9 |
| No. of Shares | 569,174,205 | 31,063 |
| % of Voted Shares | 99.9945 | 0.0055 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Tan Sri Saw Choo Boon as Director who retires pursuant to Clause 116 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 114 | 14 |
| No. of Shares | 568,312,988 | 892,280 |
| % of Voted Shares | 99.8432 | 0.1568 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Tan Jian Hong, Aaron as Director who retires pursuant to Clause 116 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 107 | 14 |
| No. of Shares | 537,236,443 | 892,280 |
| % of Voted Shares | 99.8342 | 0.1658 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint PricewaterhouseCoopers PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 112 | 9 |
| No. of Shares | 537,252,732 | 875,991 |
| % of Voted Shares | 99.8372 | 0.1628 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
To authorise the issuance of shares by the Directors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 116 | 12 |
| No. of Shares | 505,920,479 | 63,284,789 |
| % of Voted Shares | 88.8819 | 11.1181 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed Renewal of Authority to Buy-Back its Own Shares by the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 122 | 7 |
| No. of Shares | 534,345,204 | 34,861,356 |
| % of Voted Shares | 93.8754 | 6.1246 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions and Provision of Financial Assistance. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 94 | 7 |
| No. of Shares | 123,260,444 | 3,043 |
| % of Voted Shares | 99.9975 | 0.0025 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 111 | 7 |
| No. of Shares | 504,483,495 | 11,807 |
| % of Voted Shares | 99.9977 | 0.0023 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
To retain Halim Bin Haji Din as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 105 | 16 |
| No. of Shares | 439,980,840 | 98,147,883 |
| % of Voted Shares | 81.7613 | 18.2387 |
| Result | Accepted | |
12. Ordinary Resolution 12 |
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| Description |
To retain Professor Tan Sri Lin See Yan as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 109 | 12 |
| No. of Shares | 439,989,995 | 98,138,728 |
| % of Voted Shares | 81.7630 | 18.2370 |
| Result | Accepted | |
13. Special Resolution 1 |
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| Description |
Proposed Amendments to the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 121 | 5 |
| No. of Shares | 569,188,199 | 11,685 |
| % of Voted Shares | 99.9979 | 0.0021 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | WAH SEONG CORPORATION BERHAD |
| Stock Name | WASEONG |
| Date Announced | 21 May 2021 |
| Category | General Meeting |
| Reference Number | GMA-19052021-00021 |
| Corporate Action ID | MY210519MEET0020 |