GENERAL MEETINGS: Outcome of Meeting
| CSC STEEL HOLDINGS BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29 May 2025 |
| Time | 10:30 AM |
| Venue(s) |
Level 1 of the Company's Office Block, 180, Kawasan Industri Ayer Keroh, 75450 Ayer Keroh, Melaka Malaysia |
| Outcome of Meeting | The Board of Directors of CSC Steel Holdings Berhad ("CHB" or the "Company") wishes to announce that all the resolutions set out in the Notice of Twenty-first Annual General Meeting ("21st AGM") dated 30 April 2025 were duly passed, except Resolution 11 at the Company's 21st AGM held on 29 May 2025.
Resolution 10 and 11, where shareholders' approval were sought through a two-tier voting process pursuant to Practice 5.3 of the Malaysian Code on Corporate Governance 2021 on the retainment of Mr. Phong Hon Wai and Ms. Lim Lay Ching to continue office as Independent Directors of the Company for a cumulative term of more than nine (9) years. The result of Resolution 11, whereby Tier 1 voting was passed, however the Tier 2 voting was defeated by a simple majority. Hence, Ms. Lim Lay Ching ceased to be an Independent Director at the conclusion of the 21st AGM held on 29 May 2025 and has been redesignated as a Non-Independent Non-Executive Director of the Company.
The details of the poll results are set out below.
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Voting Results |
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1. Resolution 1 |
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| Description |
To approve a final single tier dividend of 7.00 sen per share in respect of the financial year ended 31 December 2024. |
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| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 52 | 0 |
| No. of Shares | 175,321,305 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Resolution 2 |
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| Description |
To approve the payment of Directors' fees for an amount not exceeding RM200,000 for the financial year ending 31 December 2025 as recommended by the Directors. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 1 |
| No. of Shares | 175,321,205 | 100 |
| % of Voted Shares | 99.9999 | 0.0001 |
| Result | Accepted | |
3. Resolution 3 |
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| Description |
To re-elect Ms. Lim Lay Ching [Clause 77(2)]. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 24 | 28 |
| No. of Shares | 171,584,400 | 3,736,905 |
| % of Voted Shares | 97.8685 | 2.1315 |
| Result | Accepted | |
4. Resolution 4 |
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| Description |
To re-elect Ms. Siti Haliza Binti Md Taib [Clause 77(2)]. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 1 |
| No. of Shares | 175,268,263 | 53,042 |
| % of Voted Shares | 99.9697 | 0.0303 |
| Result | Accepted | |
5. Resolution 5 |
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| Description |
To re-elect Mr. Cho, Chun-Yi (Clause 79). |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 47 | 5 |
| No. of Shares | 175,114,769 | 206,536 |
| % of Voted Shares | 99.8822 | 0.1178 |
| Result | Accepted | |
6. Resolution 6 |
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| Description |
To re-elect Mr. Huang, Ching-Huei (Clause 79). |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 27 | 25 |
| No. of Shares | 172,384,800 | 2,936,505 |
| % of Voted Shares | 98.3251 | 1.6749 |
| Result | Accepted | |
7. Resolution 7 |
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| Description |
To re-elect Mr. Chen, Wei-Tei (Chen, Victor) (Clause 79). |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 27 | 25 |
| No. of Shares | 172,384,800 | 2,936,505 |
| % of Voted Shares | 98.3251 | 1.6749 |
| Result | Accepted | |
8. Resolution 8 |
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| Description |
To re-appoint Messrs. Deloitte PLT as Auditors of the Company for the financial year ending 31 December 2025 and to authorise the Board of Directors to determine their remuneration. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 48 | 4 |
| No. of Shares | 175,059,878 | 261,427 |
| % of Voted Shares | 99.8509 | 0.1491 |
| Result | Accepted | |
9. Resolution 9 |
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| Description |
To approve the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 51 | 0 |
| No. of Shares | 4,321,305 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
10. Resolution 10 |
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| Description |
Continuing In Office As Senior Independent Director - Mr. Phong Hon Wai. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1 | 0 |
| No. of Shares | 171,000,000 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
11. Resolution 11 |
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| Description |
Continuing In Office As Independent Director - Ms. Lim Lay Ching. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 1 | 0 |
| No. of Shares | 171,000,000 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
12. Resolution 10 (Tier 2) |
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| Description |
Continuing In Office As Senior Independent Director - Mr. Phong Hon Wai. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 45 | 6 |
| No. of Shares | 3,362,436 | 958,869 |
| % of Voted Shares | 77.8107 | 22.1893 |
| Result | Accepted | |
13. Resolution 11 (Tier 2) |
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| Description |
Continuing In Office As Independent Director - Ms. Lim Lay Ching. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 22 | 29 |
| No. of Shares | 584,300 | 3,737,005 |
| % of Voted Shares | 13.5214 | 86.4786 |
| Result | Rejected | |
Please refer attachment below.
Announcement Info
| Company Name | CSC STEEL HOLDINGS BERHAD |
| Stock Name | CSCSTEL |
| Date Announced | 29 May 2025 |
| Category | General Meeting |
| Reference Number | GMA-21052025-00003 |
| Corporate Action ID | MY250521MEET0003 |