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Conference Room of the Company at Lot 10449, Jalan Nenas, Batu 4 ½, Kampung Jawa, 41000 Klang, Selangor Darul Ehsan.
Outcome of Meeting
ASIA BRANDS BERHAD ("ABB" or "THE COMPANY") - FORTY-FOURTH ANNUAL GENERAL MEETING
The Board of Directors of ABB wishes to announce that all of the resolutions as set out in the Notice of the Forty-Fourth Annual General Meeting ("44th AGM") dated 25 July 2019 were duly passed by the shareholders at the 44th AGM held today. All of the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the Independent Scrutineer appointed by the Company. Details of the results of the polling in respect of all the resolutions at the 44th AGM are set out below.
This announcement is dated 23 August 2019.
Voting Results
Resolution
Vote in favour
Vote Against
Results
No. of Shares
%
No. of Shares
%
Ordinary Resolution 1
To approve the payment of Directors’ fees and benefits for the period from 24 August 2019 to the next Annual General Meeting of the Company in year 2020.
79,032,474
100.000000
0
0.000000
Carried
Ordinary Resolution 2
To re-elect Mr. Lim Kim Meng, who retires pursuant to Article 102 of the Company’s Articles of Association.
78,106,974
98.830000
925,500
1.170000
Carried
Ordinary Resolution 3
To appoint Messrs. Reanda LLKG International as Auditors of the Company in place of the retiring Auditors, Messrs. UHY and to authorise the Directors to fix their remuneration.
79,032,474
100.000000
0
0.000000
Carried
Ordinary Resolution 4
Authority to issue shares pursuant to the Companies Act 2016.
79,032,474
100.000000
0
0.000000
Carried
Ordinary Resolution 5
Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or trading nature.
1,858,520
100.000000
0
0.000000
Carried
Ordinary Resolution 6
Proposed Renewal of Share Buy Back Authority of up to ten per cent (10%) of the total number of issued shares of the Company.
79,031,554
100.000000
0
0.000000
Carried
Ordinary Resolution 7
Proposed adoption of new Constitution of the Company.