GENERAL MEETINGS: Outcome of Meeting

HIAP TECK VENTURE BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 17 Dec 2019
Time 10:00 AM

Venue(s)
Setia City Convention Centre, 
Function Room 8, 1st Floor, No. 1, 
Jalan Setia Dagang AG U13/AG, 
Setia Alam, Seksyen U13, 
40170 Shah Alam, 
Selangor.
Outcome of Meeting

The Board of Directors of Hiap Teck Venture Berhad (“Hiap Teck” or “the Company”) is pleased to announce that all the resolutions as set out in the Notice of the Twenty-Third Annual General Meeting (“AGM”) dated 19 November 2019 were duly passed by way of poll at the Twenty-Third AGM held on 17 December 2019. The results of the poll were validated by Strategy Corporatehouse Sdn Bhd, the independent scrutineer appointed by Hiap Teck.

 

Please refer to the attachment for the details of the result of the poll.

 

This announcement is dated 17 December 2019.


Voting Results


1. Ordinary Resolution 1

Description
To approve the Directors fees and allowances of RM327,000.00 for the financial year ended
31 July 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 1
No. of Shares 467,908,411 200,200
% of Voted Shares 99.9572 0.0428
Result Accepted

2. Ordinary Resolution 2

Description
To approve the Directors allowances payable of RM24,000.00 in respect of the period from
1 August 2019 up to the next Annual General Meeting of the Company to be held in 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 83 0
No. of Shares 468,108,611 0
% of Voted Shares 100.0000 0.0000
Result Accepted

3. Ordinary Resolution 3

Description
To approve a First and Final Single Tier Dividend of 0.5 sen per share for the financial year
ended 31 July 2019.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 1
No. of Shares 467,908,411 200,200
% of Voted Shares 99.9572 0.0428
Result Accepted

4. Ordinary Resolution 4

Description
To re-elect Tan Sri Dato Law Tien Seng who is retiring in accordance with Article 79 of the Company's Articles of Association.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 2
No. of Shares 467,876,211 232,400
% of Voted Shares 99.9504 0.0496
Result Accepted

5. Ordinary Resolution 5

Description
To re-elect Mr. Tan Shau Ming who is retiring in accordance with Article 79 of the Company's Articles of Association.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 2
No. of Shares 467,876,211 232,400
% of Voted Shares 99.9504 0.0496
Result Accepted

6. Ordinary Resolution 6

Description
To re-appoint Messrs. KPMG PLT as the Company's Auditors for the ensuing year and to authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 1
No. of Shares 467,908,411 200,200
% of Voted Shares 99.9572 0.0428
Result Accepted

7. Ordinary Resolution 7

Description
To grant the authority to allot shares pursuant to sections 75 and 76 of the Companies Act 2016.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 1
No. of Shares 467,908,411 200,200
% of Voted Shares 99.9572 0.0428
Result Accepted

8. Ordinary Resolution 8

Description
To approve the Proposed New and 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 79 1
No. of Shares 216,460,725 200,200
% of Voted Shares 99.9076 0.0924
Result Accepted

9. Ordinary Resolution 9

Description
To authorise Tan Sri Abdul Rahman bin Mamat to continue in office as Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 81 2
No. of Shares 467,908,311 200,300
% of Voted Shares 99.9572 0.0428
Result Accepted

10. Special Resolution

Description
 To adopt the Proposed New Constitution of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 82 1
No. of Shares 467,908,411 200,200
% of Voted Shares 99.9572 0.0428
Result Accepted



Please refer attachment below.




Announcement Info

Company Name HIAP TECK VENTURE BERHAD
Stock Name HIAPTEK
Date Announced 17 Dec 2019
Category General Meeting
Reference Number GMA-17122019-00009
Corporate Action ID MY191217MEET0009