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The Board of Directors of Ralco Corporation Berhad ("the Company") is pleased to announce that all of the resolutions set out in the Notice of the Twenty-Sixth (26th) Annual General Meeting ("26th AGM") of the Company dated 30 April 2021, were duly passed as Ordinary Resolutions at the 26th AGM of the Company held on Tuesday, 15 June 2021 at 10.00 a.m.
All of the resolutions were voted by poll and the results of the poll were validated by Cygnus Technology Solutions Sdn. Bhd., the Independent Scrutineers appointed by the Company.
Please refer to the attachment for the details of the poll results.
This announcement is dated 15 June 2021.
Voting Results
1. Ordinary Resolution 1
Description
To approve the payment of Directors' fees amounting to RM140,000 for the financial year ended 31 December 2020.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
10
3
No. of Shares
26,287,110
7,000
% of Voted Shares
99.9734
0.0266
Result
Accepted
2. Ordinary Resolution 2
Description
To approve the Directors' remuneration (excluding Directors' fees) payable to the Directors of the Company and its subsidiaries amounting to RM21,000 from 1 July 2021 until the next Annual General Meeting of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
10
3
No. of Shares
26,287,110
7,000
% of Voted Shares
99.9734
0.0266
Result
Accepted
3. Ordinary Resolution 3
Description
To re-elect Mr Tan Heng Ta, who retires by rotation in accordance with Clause 97.1 of the Constitution of the Company and who being eligible offer himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
13
0
No. of Shares
26,294,110
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
4. Ordinary Resolution 4
Description
To re-elect Ms Liang Siew Jiun who retires in accordance with Clause 104 of the Constitution of the Company and who being eligible offer herself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
13
0
No. of Shares
26,294,110
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
5. Ordinary Resolution 5
Description
To re-elect Dato' Chong Kim Fatt who retires in accordance with Clause 104 of the Constitution of the Company and who being eligible offer himself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
13
0
No. of Shares
26,294,110
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
6. Ordinary Resolution 6
Description
To re-elect Ms Lau Wai Ching who retires in accordance with Clause 104 of the Constitution of the Company and who being eligible offer herself for re-election.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
13
0
No. of Shares
26,294,110
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
7. Ordinary Resolution 7
Description
To re-appoint Messrs. RSM Malaysia (AF 0768) as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Board of Directors to determine their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
13
0
No. of Shares
26,294,110
0
% of Voted Shares
100.0000
0.0000
Result
Accepted
8. Ordinary Resolution 8
Description
To approve the Authority to Issue and Allot Shares.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
11
2
No. of Shares
26,288,110
6,000
% of Voted Shares
99.9772
0.0228
Result
Accepted
9. Ordinary Resolution 9
Description
To approve the Continuing In Office as an Independent Non- Executive Director - Mr Law Doung Chin