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Block G, Lot 3B, Bandar Leila, 90000 Sandakan, Sabah
Outcome of Meeting
The Board of Directors of Coastal Contracts Bhd ("Coastal" or Company") wishes to announce that all the resolutions as set out in the Notice of the Nineteenth Annual General Meeting of COASTAL dated 29 October 2019 were duly passed by way of poll at the Nineteenth Annual General Meeting held on 26 November 2019. The results of the poll were duly verified by Messrs Tsang & Co., the independent scrutineer appointed by the Company.
Voting Results
Resolution
Vote in favour
Vote Against
Results
No. of Shares
%
No. of Shares
%
Ordinary Resolution 1:
To approve the payment of fees and benefits to the Non-Executive Directors.
295,401,330
100.000000
0
0.000000
Carried
Ordinary Resolution 2:
To re-elect Mr Jacob O Pang Su Yin as Director.
294,901,273
99.830000
500,057
0.170000
Carried
Ordinary Resolution 3:
To re-elect Mr Loh Thian Sang @ Lo Thian Siang as Director.
295,286,226
99.960000
115,104
0.040000
Carried
Ordinary Resolution 4:
To re-appoint Messrs Crowe Malaysia PLT as Auditors of the Company and to authorise the Directors to fix their remuneration.
295,401,330
100.000000
0
0.000000
Carried
Ordinary Resolution 5:
Proposed retention of Mr Loh Thian Sang @ Lo Thian Siang as Independent Non-Executive Director.
TIER 1
179,876,726
100.000000
0
0.000000
Carried
Ordinary Resolution 5:
Proposed retention of Mr Loh Thian Sang @ Lo Thian Siang as Independent Non-Executive Director.
TIER 2
115,409,500
99.900000
115,104
0.100000
Carried
Ordinary Resolution 6:
Authority to issue shares pursuant to the Companies Act 2016.
295,401,330
100.000000
0
0.000000
Carried
Ordinary Resolution 7:
Proposed Renewal of Share Buy-Back Authority.
295,401,330
100.000000
0
0.000000
Carried
Special Resolution 8:
Proposed Adoption of a New Constitution of the Company.