GENERAL MEETINGS: Outcome of Meeting
| WAH SEONG CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 26 May 2022 |
| 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-Second Annual General Meeting ("22nd AGM") held this morning, all the ordinary resolutions as set out in the Notice of 22nd AGM dated 26 April 2022 were duly approved by the shareholders of the Company.
All the ordinary resolutions were voted by poll and the results of the poll were validated by Quantegic Services 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 26 May 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the Directors' Fees of RM530,000 and Directors' Meeting Allowances of RM177,000 payable for the financial year ended 31 December 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 142 | 18 |
| No. of Shares | 550,316,131 | 269,816 |
| % of Voted Shares | 99.9510 | 0.0490 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
||
| Description |
To re-elect Halim Bin Haji Din as Director who retires pursuant to Clause 117 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 130 | 17 |
| No. of Shares | 439,261,040 | 89,864,333 |
| % of Voted Shares | 83.0164 | 16.9836 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
||
| Description |
To re-elect Tan Sri Professor Lin See Yan as Director who retires pursuant to Clause 117 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 119 | 28 |
| No. of Shares | 429,262,394 | 99,862,979 |
| % of Voted Shares | 81.1268 | 18.8732 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
||
| Description |
To re-elect Giancarlo Maccagno as Director who retires pursuant to Clause 117 of the Company's Constitution. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 134 | 13 |
| No. of Shares | 528,984,999 | 140,374 |
| % of Voted Shares | 99.9735 | 0.0265 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| 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 | 152 | 8 |
| No. of Shares | 550,570,523 | 15,424 |
| % of Voted Shares | 99.9972 | 0.0028 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
||
| Description |
To authorise the issuance of shares by the Directors of the Company. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 146 | 13 |
| No. of Shares | 489,752,693 | 60,828,706 |
| % of Voted Shares | 88.9519 | 11.0481 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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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 | 148 | 12 |
| No. of Shares | 460,940,822 | 89,645,125 |
| % of Voted Shares | 83.7182 | 16.2818 |
| Result | Accepted | |
8. Ordinary Resolution 8 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Existing Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT") and Provision of Financial Assistance ("PFA") involving Dato' Seri Robert Tan Chung Meng, Madam Pauline Tan Suat Ming, Mr Tony Tan Choon Keat, Tan Chin Nam Sendirian Berhad, Tan Kim Yeow Sendirian Berhad and Wah Seong (Malaya) Trading Co. Sdn. Bhd.
|
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 131 | 10 |
| No. of Shares | 202,351,670 | 138,001 |
| % of Voted Shares | 99.9318 | 0.0682 |
| Result | Accepted | |
9. Ordinary Resolution 9 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Existing RRPT and PFA involving Mr Chan Cheu Leong, Mr Chan Wei Keat and Mr Goh Eng Hooi. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 138 | 9 |
| No. of Shares | 485,705,863 | 30,101 |
| % of Voted Shares | 99.9938 | 0.0062 |
| Result | Accepted | |
10. Ordinary Resolution 10 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Existing RRPT and PFA involving Dato' Mohamed Nizam Bin Abdul Razak and Encik Mohd Azlan Bin Mohammed. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 145 | 9 |
| No. of Shares | 532,410,372 | 29,996 |
| % of Voted Shares | 99.9944 | 0.0056 |
| Result | Accepted | |
11. Ordinary Resolution 11 |
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| Description |
Proposed Renewal of Shareholders' Mandate for the Existing RRPT for the PFA involving Mr Li Bao Guo and Mr Guo Jun. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 148 | 9 |
| No. of Shares | 550,415,790 | 30,101 |
| % of Voted Shares | 99.9945 | 0.0055 |
| Result | Accepted | |
12. Ordinary Resolution 12 |
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| Description |
Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 142 | 7 |
| No. of Shares | 485,730,360 | 15,324 |
| % of Voted Shares | 99.9968 | 0.0032 |
| Result | Accepted | |
13. Ordinary Resolution 13 |
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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 | 132 | 15 |
| No. of Shares | 439,357,676 | 89,767,697 |
| % of Voted Shares | 83.0347 | 16.9653 |
| Result | Accepted | |
14. Ordinary Resolution 14 |
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| Description |
To retain Tan Sri Professor Lin See Yan as an Independent Non-Executive Director. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 124 | 25 |
| No. of Shares | 429,275,659 | 99,859,434 |
| % of Voted Shares | 81.1278 | 18.8722 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | WAH SEONG CORPORATION BERHAD |
| Stock Name | WASEONG |
| Date Announced | 26 May 2022 |
| Category | General Meeting |
| Reference Number | GMA-26052022-00014 |
| Corporate Action ID | MY220526MEET0013 |