GENERAL MEETINGS: Outcome of Meeting
| RALCO CORPORATION BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 16 Jun 2022 |
| Time | 10:00 AM |
| Venue(s) |
Broadcast Venue Lot 1476, Jalan Lengkok Emas 1 Nilai Industrial Estate, 71800 Nilai Negeri Sembilan Darul Khusus Malaysia |
| Outcome of Meeting | 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-Seventh (27th) Annual General Meeting ("27th AGM") of the Company dated 29 April 2022, were duly passed as Ordinary Resolutions at the 27th AGM of the Company held on Thursday, 16 June 2022 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 16 June 2022. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To approve the payment of Directors' fees amounting to RM203,425 for the financial year ended 31 December 2021. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 26,298,472 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the Directors' remuneration (excluding Directors' fees) payable to the Directors of the Company and its subsidiaries amounting to RM50,000 from 16 June 2022 until 30 June 2023. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 26,298,472 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To re-elect Mr. Law Doung Chin, 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 | 20 | 0 |
| No. of Shares | 26,298,472 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Mr. Ang Seng Wong, 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 | 20 | 0 |
| No. of Shares | 26,298,472 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
||
| Description |
To re-appoint Messrs. RSM Malaysia PLT (LLP0030276-LCA & AF 0768) as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to determine their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 26,298,472 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To approve the Authority to Issue and Allot Shares. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 20 | 0 |
| No. of Shares | 26,298,472 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
7. Ordinary Resolution 7 |
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| Description |
(Tier 1) To approve the Continuing In Office as an Independent Non- Executive Director - Mr. Law Doung Chin. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 2 | 0 |
| No. of Shares | 8,736,800 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
8. Ordinary Resolution 7 |
||
| Description |
(Tier 2) To approve the Continuing In Office as an Independent Non- Executive Director - Mr. Law Doung Chin. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 18 | 0 |
| No. of Shares | 17,561,672 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
Please refer attachment below.
Announcement Info
| Company Name | RALCO CORPORATION BERHAD |
| Stock Name | RALCO |
| Date Announced | 16 Jun 2022 |
| Category | General Meeting |
| Reference Number | GMA-14062022-00009 |
| Corporate Action ID | MY220614MEET0009 |