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We wish to announce that all resolutions set out in the Notice of the 59th Annual General Meeting of Hong Leong Industries Berhad ("the Company") held on 2 November 2022 were duly passed by way of a poll. The results of the poll were duly verified by Symphony Corporate Services Sdn Bhd, the Independent Scrutineer appointed by the Company.
This announcement is dated 2 November 2022.
Voting Results
1. Resolution 1
Description
To approve the payment of Director Fees of RM542,493/- (2021: RM388,575/-) for the financial year ended 30 June 2022 to be divided amongst the Directors in such manner as the Directors may determine and Directors' Other Benefits of up to an amount of RM46,000/- from the Fifty-ninth Annual General Meeting ("AGM") to the Sixtieth AGM of the Company.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
92
4
No. of Shares
271,901,538
2,900
% of Voted Shares
99.9989
0.0011
Result
Accepted
2. Resolution 2
Description
To re-elect Mr Peter Ho Kok Wai as a Director.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
90
7
No. of Shares
271,840,771
62,167
% of Voted Shares
99.9771
0.0229
Result
Accepted
3. Resolution 3
Description
To re-appoint KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
93
2
No. of Shares
271,899,438
500
% of Voted Shares
99.9998
0.0002
Result
Accepted
4. Resolution 4
Description
To approve the authority to Directors to allot shares and waiver of pre-emptive rights.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
80
13
No. of Shares
261,697,438
10,203,500
% of Voted Shares
96.2473
3.7527
Result
Accepted
5. Resolution 5
Description
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Hong Leong Company (Malaysia) Berhad, GuoLine Capital Assets Limited and persons connected with them.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
89
3
No. of Shares
27,433,468
2,200
% of Voted Shares
99.9920
0.0080
Result
Accepted
6. Resolution 6
Description
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Hong Bee Hardware Company, Sdn Berhad and Hong Bee Motors Sdn Bhd.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
88
3
No. of Shares
269,639,102
2,200
% of Voted Shares
99.9992
0.0008
Result
Accepted
7. Resolution 7
Description
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Yamaha Motor Co., Ltd and its subsidiaries.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
91
1
No. of Shares
271,899,738
800
% of Voted Shares
99.9997
0.0003
Result
Accepted
8. Resolution 8
Description
To approve the proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature with Hong Leong Investment Holdings Pte. Ltd. ("HLIH") and persons connected with HLIH.
Shareholder’s Action
For Voting
Voted
For
Against
No. of Shareholders
90
2
No. of Shares
271,899,638
1,200
% of Voted Shares
99.9996
0.0004
Result
Accepted
9. Resolution 9
Description
To approve the waiver of pre-emptive rights under Executive Share Scheme of the Company.